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BRP (TSE:DOO) Given New C$107.00 Price Target at Royal Bank Of Canada

BRP logo with Consumer Cyclical background

Key Points

  • Royal Bank of Canada has raised its price target for BRP (TSE:DOO) from C$100.00 to C$107.00, suggesting a potential upside of 14.27% from the previous close.
  • Other firms, including Citigroup and TD Securities, have also upgraded their ratings and set new price targets, indicating strong analyst confidence in BRP's performance.
  • Currently, BRP has a market capitalization of C$6.85 billion and is trading below its 12-month high, reflecting a recent 0.9% decline in stock price.
  • Interested in BRP? Here are five stocks we like better.

BRP (TSE:DOO - Get Free Report) had its price objective raised by equities research analysts at Royal Bank Of Canada from C$100.00 to C$107.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Royal Bank Of Canada's target price indicates a potential upside of 14.27% from the stock's previous close.

A number of other research firms have also weighed in on DOO. Citigroup upgraded shares of BRP from a "hold" rating to a "buy" rating and upped their target price for the stock from C$93.00 to C$102.00 in a research note on Wednesday, October 1st. TD Securities raised their target price on shares of BRP from C$87.00 to C$107.00 and gave the stock a "buy" rating in a research report on Tuesday, September 2nd. Scotiabank raised their target price on shares of BRP from C$98.00 to C$102.00 and gave the stock a "sector perform" rating in a research report on Tuesday. Cibc World Mkts upgraded shares of BRP from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 1st. Finally, Stifel Nicolaus raised their target price on shares of BRP from C$97.00 to C$106.00 and gave the stock a "buy" rating in a research report on Friday, October 10th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$94.54.

View Our Latest Stock Analysis on DOO

BRP Trading Down 0.9%

Shares of DOO stock traded down C$0.81 on Thursday, hitting C$93.64. 89,250 shares of the stock traded hands, compared to its average volume of 194,123. The firm's 50-day moving average price is C$85.44 and its two-hundred day moving average price is C$67.74. BRP has a twelve month low of C$43.88 and a twelve month high of C$96.10. 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 stock has a market capitalization of C$6.85 billion, a PE ratio of -187.28, a PEG ratio of 2.05 and a beta of 1.12.

BRP Company Profile

(Get Free Report)

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.

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Analyst Recommendations for BRP (TSE:DOO)

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