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

Shares of Bombardier Inc. (TSE:BBD.A) reached a new 52-week high on Monday . The stock traded as high as C$341.32 and last traded at C$339.35, with a volume of 5063 shares trading hands. The stock had previously closed at C$327.04.

Analysts Set New Price Targets

Separately, 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 report on Thursday, May 28th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Bombardier presently has a consensus rating of “Buy” and a consensus target price of C$330.00.

Bombardier Trading Up 3.8%

The company has a 50 day simple moving average of C$296.38 and a 200 day simple moving average of C$266.99. The stock has a market capitalization of C$33.48 billion, a PE ratio of 37.58, a P/E/G ratio of 6.24 and a beta of 1.89.

Bombardier (TSE:BBD.A) last announced its 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. On average, equities research analysts predict that Bombardier Inc. will post 8.9265677 EPS for the current 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.