Bombardier (TSE:BBD.A) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?
by Kim Johansen · The Markets DailyShares of Bombardier Inc. (TSE:BBD.A – Get Free Report) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$274.90 and traded as high as C$311.32. Bombardier shares last traded at C$306.28, with a volume of 6,552 shares trading hands.
Analysts Set New Price Targets
Separately, Scotia raised their price target 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 research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$330.00.
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Bombardier Price Performance
The stock has a market cap of C$30.22 billion, a PE ratio of 33.92, a P/E/G ratio of 6.24 and a beta of 1.94. The business has a fifty day moving average of C$274.90 and a 200 day moving average of C$255.40.
Bombardier (TSE:BBD.A – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported C$2.52 earnings per share for the quarter. The business had revenue of C$2.22 billion for the quarter. On average, equities research 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.