Bombardier, Inc. Class B (TSE:BBD.B) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Bombardier, Inc. Class B (TSE:BBD.B) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$205.13 and traded as high as C$254.79. Bombardier, Inc. Class B shares last traded at C$250.53, with a volume of 198,557 shares changing hands.

Analyst Upgrades and Downgrades

BBD.B has been the subject of a number of research analyst reports. Raymond James Financial upped their price target on Bombardier, Inc. Class B from C$234.00 to C$263.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. BMO Capital Markets boosted their price objective on shares of Bombardier, Inc. Class B from C$240.00 to C$300.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Canadian Imperial Bank of Commerce downgraded shares of Bombardier, Inc. Class B from an “outperform” rating to a “neutral” rating and increased their target price for the company from C$230.00 to C$290.00 in a research report on Wednesday, January 21st. JPMorgan Chase & Co. boosted their price target on shares of Bombardier, Inc. Class B from C$170.00 to C$215.00 in a research report on Wednesday, November 19th. Finally, National Bankshares upped their price objective on shares of Bombardier, Inc. Class B from C$234.00 to C$263.00 in a research note on Tuesday, December 2nd. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$250.67.

Bombardier, Inc. Class B Trading Down 0.6%

The stock’s 50 day moving average is C$241.01 and its 200 day moving average is C$205.13. The stock has a market capitalization of C$24.85 billion, a price-to-earnings ratio of 67.89, a PEG ratio of 6.26 and a beta of 1.42.

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.