BRP (TSE:DOO) Price Target Raised to C$119.00 at TD Securities

BRP (TSE:DOO) had its target price raised by equities research analysts at TD Securities from C$106.00 to C$119.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 12.38% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Natl Bk Canada upgraded shares of BRP from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Stifel Nicolaus upped their price target on shares of BRP from C$106.00 to C$120.00 and gave the company a “buy” rating in a research note on Friday. Royal Bank Of Canada raised their price objective on shares of BRP from C$107.00 to C$131.00 and gave the stock an “outperform” rating in a report on Friday. Canaccord Genuity Group lifted their price objective on shares of BRP from C$116.00 to C$118.00 in a research note on Friday. Finally, Scotiabank increased their target price on BRP from C$98.00 to C$102.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 14th. Four research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$109.08.

BRP Stock Performance

Shares of DOO stock traded up C$0.86 on Friday, hitting C$105.89. 231,880 shares of the stock were exchanged, compared to its average volume of 187,128. The firm’s 50 day moving average is C$91.79 and its two-hundred day moving average is C$78.71. BRP has a one year low of C$43.88 and a one year high of C$108.90. The firm has a market capitalization of C$7.74 billion, a PE ratio of -211.78, a P/E/G ratio of 2.05 and a beta of 1.07. The company has a current ratio of 1.37, a quick ratio of 0.20 and a debt-to-equity ratio of 573.79.

BRP Company Profile

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.