Citigroup Increases BRP (TSE:DOO) Price Target to C$122.00

BRP (TSE:DOO) had its target price raised by research analysts at Citigroup from C$102.00 to C$122.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective suggests a potential upside of 15.21% from the company’s current price.

Several other analysts have also recently commented on the company. Natl Bk Canada upgraded BRP from a “hold” rating to a “strong-buy” rating in a research report on Thursday. TD Securities lifted their target price on shares of BRP from C$87.00 to C$107.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. Royal Bank Of Canada upped their target price on shares of BRP from C$107.00 to C$131.00 and gave the stock an “outperform” rating in a report on Friday. CIBC raised their price target on shares of BRP from C$115.00 to C$118.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Canaccord Genuity Group boosted their price target on shares of BRP from C$116.00 to C$118.00 in a research report on Friday. Four investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$109.08.

BRP Price Performance

TSE:DOO traded up C$0.86 during trading hours 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 fifty day moving average price is C$91.79 and its 200 day moving average price is C$78.71. BRP has a 52-week low of C$43.88 and a 52-week high of C$108.90. The company has a market cap of C$7.74 billion, a P/E 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.

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.