Bombardier, Inc. Class B (TSE:BBD.B) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Posted by Joseph Griffin on Nov 16th, 2024

Bombardier, Inc. Class B (TSE:BBD.B – Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$89.17 and traded as high as C$91.48. Bombardier, Inc. Class B shares last traded at C$90.74, with a volume of 458,056 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BBD.B. National Bankshares lifted their target price on Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research report on Friday, November 8th. Scotiabank lowered shares of Bombardier, Inc. Class B from an “outperform” rating to a “sector perform” rating and set a C$120.00 target price on the stock. in a report on Friday, November 1st. CIBC decreased their price target on Bombardier, Inc. Class B from C$134.00 to C$131.00 in a research report on Friday, November 8th. TD Securities lowered their price objective on shares of Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research report on Friday, November 8th. Finally, Barclays lifted their target price on Bombardier, Inc. Class B from C$70.00 to C$90.00 in a research note on Tuesday, July 30th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$114.33.

Get Our Latest Research Report on Bombardier, Inc. Class B

Bombardier, Inc. Class B Trading Up 0.3 %

The firm has a market cap of C$7.85 billion, a P/E ratio of 23.51, a price-to-earnings-growth ratio of 6.26 and a beta of 2.98. The firm’s 50 day moving average is C$99.43 and its two-hundred day moving average is C$89.17.

Insider Transactions at Bombardier, Inc. Class B

In related news, Senior Officer Eve Laurier sold 4,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of C$91.57, for a total transaction of C$366,280.00. Insiders own 1.66% of the company’s stock.

About Bombardier, Inc. Class B

(Get Free Report)

Bombardier Inc, together with its subsidiaries, manufactures and sells transportation equipment worldwide.
Bombardier Inc was incorporated in 1902 and is based in Dorval, Canada.