BRP (TSE:DOO) Given New C$115.00 Price Target at BMO Capital Markets

BRP (TSE:DOO) had its price objective upped by analysts at BMO Capital Markets from C$105.00 to C$115.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 8.60% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Cibc World Mkts upgraded BRP from a “hold” rating to a “strong-buy” rating in a report on Monday, September 1st. TD Securities increased their target price on BRP from C$87.00 to C$107.00 and gave the company a “buy” rating in a research report on Tuesday, September 2nd. Natl Bk Canada upgraded shares of BRP from a “hold” rating to a “strong-buy” rating in a research report on Thursday. CIBC upped their price target on shares of BRP from C$100.00 to C$115.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Finally, Citigroup upgraded shares of BRP from a “hold” rating to a “buy” rating and increased their price objective for the company from C$93.00 to C$102.00 in a research report on Wednesday, October 1st. Four equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$109.08.

BRP Price Performance

Shares of DOO stock traded up C$0.86 during trading hours on Friday, hitting C$105.89. The stock had a trading volume of 231,880 shares, compared to its average volume of 187,128. BRP has a one year low of C$43.88 and a one year 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 50-day moving average price is C$91.79 and its two-hundred day moving average price is C$78.71. The stock has a market capitalization of C$7.74 billion, a price-to-earnings ratio of -211.78, a PEG 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.