Bombardier (TSE:BBD.A) Hits New 1-Year High – Here’s What Happened

Bombardier Inc. (TSE:BBD.A)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$376.69 and last traded at C$376.69, with a volume of 725 shares traded. The stock had previously closed at C$361.62.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BBD.A. Scotiabank increased their target price on Bombardier from C$330.00 to C$380.00 in a research note on Thursday, July 16th. Scotia boosted their price target on Bombardier from C$305.00 to C$330.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$355.00.

Bombardier Stock Up 0.8%

The firm has a market capitalization of C$36.54 billion, a price-to-earnings ratio of 41.02, a P/E/G ratio of 6.24 and a beta of 1.89. The company’s 50 day moving average is C$318.52 and its 200 day moving average is C$278.33.

Bombardier (TSE:BBD.A) last issued its quarterly earnings data on Thursday, April 30th. The company reported C$2.52 earnings per share for the quarter. The business had revenue of C$2.22 billion during the quarter. On average, analysts expect that Bombardier Inc. will post 8.9265677 EPS for the current year.

Bombardier Company Profile

At Bombardier (BBD-B.TO), we design, build, modify and maintain the world’s best-performing aircraft for the world’s most discerning people and businesses, governments and militaries. That means not simply exceeding standards, but understanding customers well enough to anticipate their unspoken needs. For them, we are committed to pioneering the future of aviation – innovating to make flying more reliable, efficient and sustainable. And we are passionate about delivering unrivaled craftsmanship and care, giving our customers greater confidence and the elevated experience they deserve and expect.