BRP Inc. (TSE:DOO) Receives C$111.33 Average Target Price from Analysts

Shares of BRP Inc. (TSE:DOO) have been assigned an average rating of “Moderate Buy” from the twelve analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$111.33.

Several brokerages recently commented on DOO. TD Securities increased their price target on BRP from C$106.00 to C$119.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Desjardins raised their target price on shares of BRP from C$117.00 to C$130.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Royal Bank Of Canada upped their target price on shares of BRP from C$107.00 to C$131.00 and gave the company an “outperform” rating in a report on Friday, December 5th. National Bank Financial upgraded BRP from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$105.00 to C$125.00 in a research note on Friday, December 5th. Finally, Loop Capital upgraded BRP to a “strong-buy” rating in a research note on Thursday, November 13th.

BRP Stock Performance

Shares of DOO stock opened at C$97.95 on Friday. The company has a debt-to-equity ratio of 489.75, a quick ratio of 0.20 and a current ratio of 1.23. BRP has a 52 week low of C$43.88 and a 52 week high of C$112.26. The company’s 50 day moving average price is C$104.54 and its two-hundred day moving average price is C$96.04. The company has a market capitalization of C$7.19 billion, a P/E ratio of 296.82, a price-to-earnings-growth ratio of 2.05 and a beta of 1.26.

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. In 2018, BRP created a marine group, acquiring boat manufacturers Alumacraft, Triton (which makes Manitou pontoon boats), and Telwater (in Australia).