BRP (TSE:DOO) Price Target Raised to C$105.00

BRP (TSE:DOO) had its target price boosted by investment analysts at National Bankshares from C$101.00 to C$105.00 in a report issued on Tuesday,BayStreet.CA reports. National Bankshares’ target price would suggest a potential upside of 18.89% from the company’s previous close.

Several other research firms have also recently commented on DOO. TD Securities boosted their target price on BRP from C$87.00 to C$107.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. Stifel Nicolaus raised their price target on BRP from C$97.00 to C$106.00 and gave the company a “buy” rating in a research note on Friday, October 10th. BMO Capital Markets upped their price objective on BRP from C$75.00 to C$105.00 in a research report on Tuesday, September 2nd. Royal Bank Of Canada increased their price objective on BRP from C$100.00 to C$107.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Finally, Loop Capital upgraded BRP to a “strong-buy” rating in a research note on Thursday, November 13th. Three analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$94.85.

BRP Stock Down 1.7%

Shares of TSE:DOO traded down C$1.51 during trading on Tuesday, hitting C$88.32. The company’s stock had a trading volume of 28,519 shares, compared to its average volume of 186,318. BRP has a fifty-two week low of C$43.88 and a fifty-two week high of C$96.10. The business has a 50 day moving average price of C$89.83 and a two-hundred day moving average price of C$75.00. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37. The company has a market capitalization of C$6.46 billion, a PE ratio of -176.64, a P/E/G ratio of 2.05 and a beta of 1.09.

About BRP

BRP designs, develops, manufactures, distributes, and markets snowmobiles, all-terrain vehicles, and personal watercraft under the Ski-Doo, Sea-Doo, Can-Am, and Lynx brand names. It also builds engines under the Rotax brand (after discontinuing the Evinrude outboard engine business in 2020) and offers clothing, parts, and accessories that cater to its core consumers.