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

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

Separately, Scotia upped their target price on Bombardier from C$305.00 to C$330.00 and gave the stock 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, Bombardier currently has a consensus rating of “Buy” and a consensus price target of C$355.00.

Bombardier Stock Up 1.9%

BBD.A traded up C$6.13 during trading on Thursday, hitting C$330.24. The company’s stock had a trading volume of 1,239 shares, compared to its average volume of 8,998. The firm has a market capitalization of C$32.58 billion, a P/E ratio of 36.57, a PEG ratio of 6.24 and a beta of 1.89. Bombardier has a twelve month low of C$149.57 and a twelve month high of C$348.14. The stock’s fifty day moving average price is C$308.19 and its 200-day moving average price is C$272.78.

Bombardier (TSE:BBD.A) last released its earnings results 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. Equities research analysts expect 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.