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

Bombardier Inc. (TSE:BBD.A)’s share price reached a new 52-week high on Tuesday . The company traded as high as C$352.58 and last traded at C$351.51, with a volume of 3091 shares changing hands. The stock had previously closed at C$341.75.

Analyst Ratings Changes

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

Bombardier Stock Performance

The stock has a market capitalization of C$34.83 billion, a P/E ratio of 39.09, a price-to-earnings-growth ratio of 6.24 and a beta of 1.89. The stock has a 50-day moving average price of C$314.56 and a two-hundred day moving average price of C$276.64.

Bombardier (TSE:BBD.A) last posted its earnings results on Thursday, April 30th. The company reported C$2.52 earnings per share for the quarter. The firm had revenue of C$2.22 billion for the quarter. Equities analysts anticipate that Bombardier Inc. will post 8.9265677 earnings per share for the current fiscal 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.