BRP (TSE:DOO) Price Target Raised to C$118.00

BRP (TSE:DOO) had its price target raised by equities researchers at Canaccord Genuity Group from C$116.00 to C$118.00 in a research note issued to investors on Friday,BayStreet.CA reports. Canaccord Genuity Group’s price objective indicates a potential upside of 11.08% from the stock’s current price.

Several other research analysts also recently issued reports on the company. TD Securities upped their price objective on BRP from C$87.00 to C$107.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. CIBC boosted their target price on BRP from C$100.00 to C$115.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. BMO Capital Markets upped their price target on BRP from C$75.00 to C$105.00 in a research note on Tuesday, September 2nd. Scotiabank lifted their price objective 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. Finally, Royal Bank Of Canada upped their target price on shares of BRP from C$100.00 to C$107.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Four investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$109.08.

BRP Price Performance

Shares of DOO stock traded up C$1.20 during trading hours on Friday, reaching C$106.23. 241,045 shares of the company were exchanged, compared to its average volume of 187,142. BRP has a fifty-two week low of C$43.88 and a fifty-two week high of C$108.90. 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 is C$91.79 and its two-hundred day moving average is C$78.71. The company has a market cap of C$7.77 billion, a price-to-earnings ratio of -212.46, a P/E/G ratio of 2.05 and a beta of 1.07.

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.