Brokerages Set BRP Inc. (TSE:DOO) PT at C$111.33

BRP Inc. (TSE:DOO) has earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are currently covering the firm, Marketbeat.com reports. Two 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 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$111.33.

A number of brokerages have recently commented on DOO. Canaccord Genuity Group boosted their price target on BRP from C$116.00 to C$118.00 in a report on Friday, December 5th. BMO Capital Markets lifted their target price on BRP from C$105.00 to C$115.00 and gave the company an “outperform” rating in a research report on Friday, December 5th. Royal Bank Of Canada boosted their target price on BRP from C$107.00 to C$131.00 and gave the company an “outperform” rating in a research note on Friday, December 5th. Scotiabank upped their price target on BRP from C$102.00 to C$117.00 and gave the stock a “sector perform” rating in a research report on Friday, December 5th. Finally, National Bank Financial raised shares of BRP from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$105.00 to C$125.00 in a research note on Friday, December 5th.

BRP Stock Down 5.8%

Shares of TSE:DOO traded down C$5.50 during midday trading on Friday, reaching C$89.20. 303,845 shares of the company were exchanged, compared to its average volume of 201,233. BRP has a fifty-two week low of C$43.88 and a fifty-two week high of C$112.26. The company has a quick ratio of 0.20, a current ratio of 1.23 and a debt-to-equity ratio of 489.75. The stock has a fifty day simple moving average of C$104.26 and a two-hundred day simple moving average of C$96.10. The firm has a market cap of C$6.55 billion, a PE ratio of 270.30, a P/E/G ratio of 2.05 and a beta of 1.15.

BRP Company Profile

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).