Bombardier, Inc. Class B (TSE:BBD.B) Reaches New 52-Week High at $74.42

Bombardier, Inc. Class B (TSE:BBD.B)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$74.42 and last traded at C$73.66, with a volume of 62201 shares. The stock had previously closed at C$73.56.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. UBS Group increased their target price on shares of Bombardier, Inc. Class B from C$41.00 to C$44.00 in a report on Tuesday, April 2nd. CIBC upgraded Bombardier, Inc. Class B from a “neutral” rating to an “outperform” rating and upped their price target for the stock from C$67.00 to C$91.00 in a research note on Thursday, May 2nd. Royal Bank of Canada upped their price target on Bombardier, Inc. Class B from C$95.00 to C$99.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. National Bankshares dropped their price target on Bombardier, Inc. Class B from C$95.00 to C$92.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Finally, BMO Capital Markets upped their price target on Bombardier, Inc. Class B from C$85.00 to C$95.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$87.56.

Bombardier, Inc. Class B Price Performance

The business has a 50-day moving average of C$58.42 and a 200-day moving average of C$53.08. The company has a market capitalization of C$6.09 billion, a P/E ratio of 11.30, a P/E/G ratio of -0.13 and a beta of 2.96.

Insiders Place Their Bets

In other news, Senior Officer Daniel Brennan sold 28,038 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of C$70.00, for a total transaction of C$1,962,660.00. In other news, Senior Officer Daniel Brennan sold 28,038 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of C$70.00, for a total transaction of C$1,962,660.00. Also, Senior Officer Jean-Christophe Gallagher sold 13,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$59.00, for a total transaction of C$767,039.00. Insiders own 1.66% of the company’s stock.

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.