BRP (TSE:DOO) Stock Rating Upgraded by Stifel Canada

BRP (TSE:DOO) was upgraded by analysts at Stifel Canada from a “hold” rating to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

A number of other research analysts have also commented on the company. Stifel Nicolaus decreased their price objective on BRP from C$58.00 to C$49.00 and set a “hold” rating on the stock in a report on Wednesday, April 30th. UBS Group decreased their price objective on BRP from C$64.00 to C$50.00 in a report on Wednesday, April 23rd. Raymond James cut their target price on BRP from C$98.00 to C$65.00 in a research report on Thursday, March 27th. Citigroup upgraded BRP from a “sell” rating to a “neutral” rating and upped their target price for the company from C$39.00 to C$52.00 in a research report on Friday, April 4th. Finally, CIBC cut their target price on BRP from C$82.00 to C$64.00 in a research report on Thursday, March 27th. Nine investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, BRP currently has an average rating of “Hold” and an average target price of C$69.21.

BRP Stock Performance

Shares of TSE DOO opened at C$61.00 on Thursday. The company has a debt-to-equity ratio of 573.79, a current ratio of 1.37 and a quick ratio of 0.20. The stock’s fifty day moving average price is C$49.62 and its two-hundred day moving average price is C$60.88. BRP has a one year low of C$43.88 and a one year high of C$102.16. The firm has a market cap of C$4.49 billion, a price-to-earnings ratio of 22.99, a P/E/G ratio of 2.05 and a beta of 2.28.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.