Scotiabank Raises BRP (TSE:DOO) Price Target to C$117.00

BRP (TSE:DOO) had its target price upped by equities research analysts at Scotiabank from C$102.00 to C$117.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price target indicates a potential upside of 10.49% from the company’s current price.

A number of other equities research analysts have also issued reports on DOO. National Bankshares lifted their target price on shares of BRP from C$101.00 to C$105.00 in a research note on Tuesday, November 18th. TD Securities boosted their target price on BRP from C$106.00 to C$119.00 and gave the company a “buy” rating in a research note on Friday. Natl Bk Canada raised BRP from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Desjardins lifted their price target on BRP from C$117.00 to C$130.00 and gave the company a “buy” rating in a report on Friday. Finally, BMO Capital Markets boosted their price target on BRP from C$105.00 to C$115.00 and gave the company an “outperform” rating in a research note on Friday. Four research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$109.08.

BRP Stock Up 0.8%

Shares of TSE DOO traded up C$0.86 during mid-day trading on Friday, reaching C$105.89. The company had a trading volume of 231,880 shares, compared to its average volume of 187,128. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37. The company 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. The stock has a fifty day moving average of C$91.79 and a two-hundred day moving average of C$78.71. BRP has a 12-month low of C$43.88 and a 12-month high of C$108.90.

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.