Bombardier (TSE:BBD.A) Reaches New 52-Week High – What’s Next?

Bombardier Inc. (TSE:BBD.A)’s share price reached a new 52-week high during 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 Analysts Forecast Growth

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

Bombardier Stock Performance

The firm has a market cap of C$36.87 billion, a price-to-earnings ratio of 41.39, a price-to-earnings-growth ratio of 6.24 and a beta of 1.89. The company’s fifty day moving average is C$322.86 and its two-hundred day moving average is C$280.25.

Bombardier (TSE:BBD.A) last announced its quarterly earnings results 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 for the quarter. As a group, analysts forecast that Bombardier Inc. will post 8.9265677 earnings per share for the current fiscal 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.