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

Bombardier Inc. (TSE:BBD.A)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$376.69 and last traded at C$376.69, with a volume of 725 shares changing hands. The stock had previously closed at C$361.62.

Wall Street Analysts Forecast Growth

BBD.A has been the subject of a number of research analyst reports. Scotia lifted their price target on Bombardier from C$305.00 to C$330.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 28th. Scotiabank raised their price objective on Bombardier from C$330.00 to C$380.00 in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$355.00.

Bombardier Price Performance

The stock has a market capitalization of C$36.54 billion, a P/E ratio of 41.02, a PEG ratio of 6.24 and a beta of 1.89. The stock’s 50-day simple moving average is C$318.52 and its 200 day simple moving average is C$278.33.

Bombardier (TSE:BBD.A) last issued its quarterly earnings data 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, analysts expect 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.