Scotiabank Issues Positive Forecast for Bombardier (TSE:BBD.A) Stock Price

Bombardier (TSE:BBD.A) had its target price increased by stock analysts at Scotiabank from C$330.00 to C$380.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Scotiabank’s price objective indicates a potential upside of 15.07% from the stock’s previous close.

Separately, Scotia boosted 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. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Bombardier presently has an average rating of “Buy” and a consensus target price of C$355.00.

Bombardier Trading Up 1.9%

TSE:BBD.A traded up C$6.13 on Thursday, hitting C$330.24. The company had a trading volume of 1,239 shares, compared to its average volume of 8,998. Bombardier has a 52 week low of C$149.57 and a 52 week high of C$348.14. The stock has a market capitalization of C$32.58 billion, a price-to-earnings ratio of 36.57, a PEG ratio of 6.24 and a beta of 1.89. The firm has a 50 day moving average of C$308.19 and a two-hundred day moving average of C$272.78.

Bombardier (TSE:BBD.A) last announced its quarterly earnings results on Thursday, April 30th. The company reported C$2.52 EPS for the quarter. The firm had revenue of C$2.22 billion during the quarter. As a group, equities analysts forecast that Bombardier will post 8.9265677 EPS for the current 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.