BRP (TSE:DOO) Price Target Raised to C$110.00

BRP (TSE:DOO) had its target price raised by Citigroup from C$106.00 to C$110.00 in a research note published on Tuesday morning,BayStreet reports. The brokerage currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the company. Royal Bank Of Canada upped their price objective on BRP from C$107.00 to C$113.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. TD raised BRP from a “hold” rating to a “buy” rating and lifted their target price for the company from C$92.00 to C$106.00 in a research note on Wednesday, August 19th. Desjardins boosted their target price on BRP from C$97.00 to C$103.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Canadian Imperial Bank of Commerce upped their price target on BRP from C$90.00 to C$94.00 and gave the company an “outperformer” rating in a research note on Friday, May 29th. Finally, TD Securities upgraded BRP from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, BRP currently has an average rating of “Moderate Buy” and a consensus price target of C$103.93.

BRP Trading Up 0.5%

DOO opened at C$83.93 on Tuesday. BRP has a 1-year low of C$67.11 and a 1-year high of C$112.26. The stock has a market capitalization of C$5.97 billion, a PE ratio of 55.58, a PEG ratio of 2.05 and a beta of 0.68. The company has a current ratio of 1.19, a quick ratio of 0.20 and a debt-to-equity ratio of 912.53. The firm has a 50-day moving average price of C$87.20 and a two-hundred day moving average price of C$86.90.

BRP (TSE:DOO) last released its quarterly earnings results on Thursday, September 3rd. The company reported C($0.18) EPS for the quarter. The company had revenue of C$2.24 billion for the quarter. BRP had a net margin of 1.21% and a return on equity of 20.51%. As a group, equities analysts anticipate that BRP will post 6.890971 earnings per share for the current fiscal year.

About BRP

BRP Inc is a global leader in the world of powersports products and powertrains, built on over 80 years of ingenuity, innovation, and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on- and off-road vehicles, Quintrex boats as well as Rotax engines for karts, recreational aircraft and jet boats, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds.