Bombardier (TSE:BBD.A) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Shares of Bombardier Inc. (TSE:BBD.A) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$282.15 and traded as high as C$312.49. Bombardier shares last traded at C$301.55, with a volume of 2,093 shares changing hands.

Analyst Ratings Changes

Separately, Scotia lifted 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 equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$330.00.

Bombardier Stock Performance

The firm has a market cap of C$30.81 billion, a PE ratio of 34.58, a PEG ratio of 6.24 and a beta of 1.94. The company’s 50-day simple moving average is C$283.29 and its two-hundred day simple moving average is C$259.43.

Bombardier (TSE:BBD.A) last released its quarterly earnings data on Thursday, April 30th. The company reported C$2.52 earnings per share (EPS) for the quarter. The firm had revenue of C$2.22 billion during the quarter. On average, analysts expect 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.