Scotia Raises Bombardier (TSE:BBD.A) Price Target to C$330.00

Bombardier (TSE:BBD.A) had its target price boosted by Scotia from C$305.00 to C$330.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “sector outperform” rating on the stock. Scotia’s target price indicates a potential upside of 10.47% from the company’s previous close.

Bombardier Price Performance

BBD.A stock traded up C$8.38 during mid-day trading on Thursday, hitting C$298.73. 3,351 shares of the stock were exchanged, compared to its average volume of 10,159. The business has a fifty day moving average price of C$262.05 and a 200 day moving average price of C$248.76. Bombardier has a 12 month low of C$92.46 and a 12 month high of C$303.00. The stock has a market capitalization of C$29.47 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 6.24 and a beta of 1.92.

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