Bombardier (TSE:BBD.A) Reaches New 52-Week High – Here’s Why

Shares of Bombardier Inc. (TSE:BBD.A) hit a new 52-week high during trading on Monday . The stock 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.

Analyst Upgrades and Downgrades

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

Bombardier Price Performance

The stock has a market cap of C$32.65 billion, a PE ratio of 36.66, a PEG ratio of 6.24 and a beta of 1.94. The company has a 50 day moving average price of C$289.71 and a two-hundred day moving average price of C$263.20.

Bombardier (TSE:BBD.A) last released its quarterly earnings data on Thursday, April 30th. The company reported C$2.52 EPS for the quarter. The business had revenue of C$2.22 billion for the quarter. As a group, equities analysts predict 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.