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

Bombardier Inc. (TSE:BBD.A)’s share price 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 changing hands. The stock had previously closed at C$327.04.

Analysts Set New Price Targets

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

Bombardier Stock Performance

The stock has a market cap of C$33.94 billion, a PE ratio of 38.10, a P/E/G ratio of 6.24 and a beta of 1.89. The firm’s 50-day moving average is C$300.44 and its 200 day moving average is C$268.76.

Bombardier (TSE:BBD.A) last posted its quarterly earnings data on Thursday, April 30th. The company reported C$2.52 EPS for the quarter. The business had revenue of C$2.22 billion during the quarter. On average, sell-side analysts predict that Bombardier Inc. will post 8.9265677 EPS 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.