Scotiabank Issues Positive Forecast for Bombardier (TSE:BBD.A) Stock Price

Bombardier (TSE:BBD.A) had its price target upped by Scotiabank from C$330.00 to C$380.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

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

Bombardier Stock Up 2.5%

Shares of Bombardier stock opened at C$332.11 on Thursday. The firm has a market cap of C$32.76 billion, a PE ratio of 36.78, 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. The business’s fifty day simple moving average is C$309.03 and its 200-day simple moving average is C$273.43.

Bombardier (TSE:BBD.A) last issued 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 during the quarter. As a group, equities analysts expect that Bombardier will post 8.9265677 earnings per share 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.