Shares of Bombardier, Inc. Class B (TSE:BBD.B – Get Free Report) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$308.93 and traded as high as C$333.84. Bombardier, Inc. Class B shares last traded at C$322.03, with a volume of 256,823 shares trading hands.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on BBD.B shares. National Bank Financial set a C$379.00 price objective on shares of Bombardier, Inc. Class B and gave the stock a “sector perform” rating in a research note on Tuesday, September 8th. JPMorgan Chase & Co. raised their target price on shares of Bombardier, Inc. Class B from C$295.00 to C$350.00 in a research report on Monday, August 31st. Stifel Nicolaus set a C$390.00 target price on shares of Bombardier, Inc. Class B and gave the company a “buy” rating in a research report on Tuesday, September 8th. BMO Capital Markets upped their price target on shares of Bombardier, Inc. Class B from C$350.00 to C$375.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, TD increased their price objective on shares of Bombardier, Inc. Class B from C$306.00 to C$320.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$330.62.
Get Our Latest Analysis on BBD.B
Bombardier, Inc. Class B Trading Up 1.4%
The stock has a market capitalization of C$60.75 billion, a P/E ratio of 36.32, a price-to-earnings-growth ratio of 6.26 and a beta of 1.47. The company has a 50-day moving average price of C$313.39 and a 200 day moving average price of C$309.06.
About Bombardier, Inc. Class B
Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.
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