Bombardier (TSE:BBD.A) Reaches New 12-Month High – Here’s What Happened

Bombardier Inc. (TSE:BBD.A)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$339.84 and last traded at C$329.76, with a volume of 3446 shares trading hands. The stock had previously closed at C$326.70.

Analysts Set New Price Targets

Separately, Scotia raised their target price on Bombardier from C$305.00 to C$330.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$330.00.

Bombardier Trading Down 2.3%

The stock’s fifty day moving average is C$292.24 and its two-hundred day moving average is C$264.79. The firm has a market cap of C$32.01 billion, a P/E ratio of 35.94, a price-to-earnings-growth ratio of 6.24 and a beta of 1.94.

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

About Bombardier

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.