BRP Inc (DOO) Rating Reiterated by Royal Bank of Canada
BRP Inc (TSE:DOO)‘s stock had its “outperform” rating restated by Royal Bank of Canada in a research note issued to investors on Monday, StockTargetPrices.com reports. They presently have a C$33.00 price target on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 22.95% from the stock’s current price.
Other research analysts have also recently issued reports about the company. Scotiabank lifted their price objective on BRP from C$29.00 to C$32.00 and gave the company an “outperform” rating in a research report on Monday, December 12th. Desjardins reaffirmed a “buy” rating and set a C$33.00 price objective on shares of BRP in a research report on Monday, December 12th. Canaccord Genuity lifted their price objective on BRP from C$31.00 to C$33.00 in a research report on Monday, December 12th. Finally, BMO Capital Markets lifted their price objective on BRP from C$30.00 to C$34.00 in a research report on Monday, December 12th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of C$32.00.
BRP (TSE:DOO) traded up 2.403% during mid-day trading on Monday, hitting $27.485. The stock had a trading volume of 33,838 shares. BRP has a 12 month low of $16.75 and a 12 month high of $29.06. The stock has a market cap of $3.07 billion and a price-to-earnings ratio of 34.143. The stock’s 50-day moving average price is $26.44 and its 200-day moving average price is $26.05.
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BRP Company Profile
BRP Inc is engaged in the design, development, manufacturing, distribution and marketing of power sports vehicles and propulsion systems. The Company manufactures and sells Year-Round Products consisting of all-terrain vehicles (ATVs), side-by-side vehicles (SSVs) and roadsters; Seasonal Products consisting of snowmobiles and personal watercrafts (PWCs), and Propulsion Products consisting of engines for outboard and jet boats, karts, motorcycles and recreational aircraft.
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