BRP (TSE:DOO) Price Target Raised to C$98.00 at Scotiabank

BRP (TSE:DOO) had its price objective raised by analysts at Scotiabank from C$67.00 to C$98.00 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price objective points to a potential upside of 7.30% from the stock’s previous close.

A number of other equities analysts also recently commented on DOO. National Bankshares raised their price objective on shares of BRP from C$83.00 to C$101.00 and gave the stock a “sector perform” rating in a report on Tuesday. Citigroup raised their price objective on shares of BRP from C$49.00 to C$60.00 in a report on Tuesday, June 3rd. TD Securities raised their price objective on shares of BRP from C$70.00 to C$87.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Stifel Canada raised shares of BRP from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 29th. Finally, Desjardins raised shares of BRP from a “hold” rating to a “moderate buy” rating in a report on Thursday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, BRP has a consensus rating of “Moderate Buy” and a consensus target price of C$91.69.

BRP Stock Performance

BRP stock traded up C$4.90 during mid-day trading on Tuesday, reaching C$91.33. The company had a trading volume of 562,594 shares, compared to its average volume of 183,995. The company has a quick ratio of 0.20, a current ratio of 1.37 and a debt-to-equity ratio of 573.79. BRP has a 52 week low of C$43.88 and a 52 week high of C$97.49. The company has a 50 day moving average of C$71.93 and a 200-day moving average of C$60.49. The firm has a market cap of C$6.67 billion, a price-to-earnings ratio of -182.66, a PEG ratio of 2.05 and a beta of 1.05.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.