BMO Capital Markets Boosts BRP (TSE:DOO) Price Target to C$105.00

Key Points

• BMO Capital Markets has raised its price target for BRP (TSE:DOO) from C$75.00 to **C$105.00**, indicating a potential upside of **14.97%** from its previous close.
• Multiple analysts have upgraded BRP's stock ratings, with Canaccord Genuity raising its target to **C$108.00** and TD Securities to **C$107.00**.
• BRP's stock traded up **C$4.90** on Tuesday, reaching **C$91.33**, with a market cap of **C$6.67 billion** and an average target price across analysts of **C$91.69**.

BRP (TSE:DOO - Get Free Report) had its target price boosted by analysts at BMO Capital Markets from C$75.00 to C$105.00 in a note issued to investors on Tuesday,BayStreet.CA reports. BMO Capital Markets' price target would suggest a potential upside of 14.97% from the stock's previous close.

Other equities research analysts have also recently issued research reports about the stock. Canaccord Genuity Group raised shares of BRP from a "hold" rating to a "buy" rating and lifted their price target for the stock from C$80.00 to C$108.00 in a report on Tuesday. Stifel Nicolaus lifted their price target on shares of BRP from C$88.00 to C$97.00 and gave the stock a "buy" rating in a report on Tuesday. Stifel Canada raised shares of BRP from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 29th. Citigroup lifted their price target on shares of BRP from C$49.00 to C$60.00 in a report on Tuesday, June 3rd. Finally, TD Securities lifted their price target on shares of BRP from C$87.00 to C$107.00 and gave the stock a "buy" rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of C$91.69.

BRP Stock Performance

Shares of DOO traded up C$4.90 on Tuesday, reaching C$91.33. 562,594 shares of the company's stock traded hands, compared to its average volume of 183,995. The company has a current ratio of 1.37, a quick ratio of 0.20 and a debt-to-equity ratio of 573.79. The stock has a market cap of C$6.67 billion, a PE ratio of -182.66, a PEG ratio of 2.05 and a beta of 1.05. The stock's 50 day simple moving average is C$71.93 and its two-hundred day simple moving average is C$60.49. BRP has a 52-week low of C$43.88 and a 52-week high of C$97.49.

About BRP

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.

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