Bombardier (TSE:BBD.A) Stock Price Expected to Rise, Scotiabank Analyst Says

Bombardier (TSE:BBD.A) had its price target raised by stock analysts at Scotiabank from C$330.00 to C$380.00 in a report issued on Thursday,BayStreet.CA reports. Scotiabank’s price objective indicates a potential upside of 12.56% from the company’s current price.

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

Bombardier Stock Up 1.7%

Bombardier stock opened at C$337.61 on Thursday. The business’s 50-day moving average price is C$309.94 and its 200 day moving average price is C$273.88. The firm has a market cap of C$33.31 billion, a price-to-earnings 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 quarterly 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 during the quarter. Equities analysts expect that Bombardier will post 8.9265677 EPS for the current year.

Bombardier Company Profile

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.