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

Shares of Bombardier Inc. (TSE:BBD.A) hit a new 52-week high on Tuesday . The company traded as high as C$329.16 and last traded at C$324.87, with a volume of 9362 shares trading hands. The stock had previously closed at C$310.57.

Analyst Ratings Changes

Separately, Scotia lifted their price target on Bombardier from C$305.00 to C$330.00 and gave the company a “sector outperform” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$330.00.

Bombardier Price Performance

The firm has a market cap of C$32.05 billion, a PE ratio of 35.98, a P/E/G ratio of 6.24 and a beta of 1.92. The business has a fifty day moving average price of C$265.94 and a two-hundred day moving average price of C$251.10.

Bombardier (TSE:BBD.A) last issued 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, sell-side analysts forecast that Bombardier Inc. will post 8.9265677 EPS 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.