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

Bombardier Inc. (TSE:BBD.A – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$352.58 and last traded at C$351.51, with a volume of 3091 shares traded. The stock had previously closed at C$341.75.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Scotiabank boosted their price objective on shares of Bombardier from C$330.00 to C$380.00 in a research report on Thursday, July 16th. Scotia lifted 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.com, the stock has a consensus rating of “Buy” and an average price target of C$355.00.

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Bombardier Trading Up 2.9%

The firm has a 50-day simple moving average of C$311.28 and a two-hundred day simple moving average of C$274.93. The company has a market capitalization of C$34.68 billion, a price-to-earnings ratio of 38.93, a price-to-earnings-growth ratio of 6.24 and a beta of 1.89.

Bombardier (TSE:BBD.A – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported C$2.52 earnings per share (EPS) for the quarter. The firm had revenue of C$2.22 billion for the quarter. On average, sell-side analysts forecast that Bombardier Inc. will post 8.9265677 earnings per share for the current year.

Bombardier Company Profile

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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.

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