Bombardier (TSE:BBD.A) Price Target Raised to C$380.00

Bombardier (TSE:BBD.A) had its price objective increased by Scotiabank from C$330.00 to C$380.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports.

Separately, Scotia lifted their price objective on shares of Bombardier from C$305.00 to C$330.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$355.00.

Bombardier Stock Up 1.7%

Shares of BBD.A stock opened at C$337.61 on Thursday. The stock’s 50-day moving average price is C$309.94 and its 200 day moving average price is C$273.88. The stock has a market capitalization of C$33.31 billion, a PE ratio of 37.39, a price-to-earnings-growth ratio of 6.24 and a beta of 1.89. Bombardier has a 52-week low of C$149.57 and a 52-week high of C$348.14.

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. Analysts expect that Bombardier 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.