Bombardier (TSE:BBD.A) Reaches New 12-Month High – Should You Buy?

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

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Scotia raised their target price on Bombardier from C$305.00 to C$330.00 and gave the company a “sector outperform” rating in a report on Thursday, May 28th. Scotiabank increased their price objective on Bombardier from C$330.00 to C$380.00 in a report on Thursday, July 16th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$355.00.

Bombardier Trading Up 2.9%

The company’s fifty day moving average is C$311.28 and its 200-day moving average is C$274.93. The firm has a market capitalization of C$34.68 billion, a P/E ratio of 38.93, 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 EPS for the quarter. The firm had revenue of C$2.22 billion during the quarter. On average, equities research analysts anticipate that Bombardier Inc. 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.