Bombardier, Inc. Class B (TSE:BBD.B) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Bombardier, Inc. Class B (TSE:BBD.B) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$93.97 and traded as high as C$98.24. Bombardier, Inc. Class B shares last traded at C$94.17, with a volume of 561,925 shares traded.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. National Bank Financial boosted their price objective on shares of Bombardier, Inc. Class B to C$128.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. National Bankshares upped their target price on Bombardier, Inc. Class B from C$128.00 to C$130.00 in a research report on Friday, November 8th. CIBC lifted their target price on Bombardier, Inc. Class B from C$131.00 to C$132.00 in a report on Wednesday, December 4th. TD Securities lowered their price objective on shares of Bombardier, Inc. Class B from C$132.00 to C$130.00 in a research note on Friday, November 8th. Finally, 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 research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$114.42.

Bombardier, Inc. Class B Price Performance

The stock has a market cap of C$8.36 billion, a price-to-earnings ratio of 25.03, a P/E/G ratio of 6.26 and a beta of 2.98. The company’s fifty day simple moving average is C$102.33 and its two-hundred day simple moving average is C$94.10.

Insider Buying and Selling

In other news, Senior Officer Barton Wade Demosky sold 5,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of C$104.33, for a total value of C$521,650.00. Also, Senior Officer Daniel Brennan sold 19,676 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of C$101.17, for a total transaction of C$1,990,650.43. 1.66% of the stock is currently owned by company insiders.

Bombardier, Inc. Class B Company Profile

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