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

Bombardier Inc. (TSE:BBD.A – Get Free Report) shares reached a new 52-week high during mid-day trading 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.

Analysts Set New Price Targets

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

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Bombardier Stock Up 4.6%

The business has a 50-day simple moving average of C$265.94 and a two-hundred day simple moving average of C$251.10. The company has a market cap of C$32.05 billion, a price-to-earnings ratio of 35.98, a PEG ratio of 6.24 and a beta of 1.92.

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 for the quarter. The company had revenue of C$2.22 billion during the quarter. As a group, equities analysts anticipate 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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