BRP (TSE:DOO) Price Target Raised to C$106.00 at Stifel Nicolaus

Key Points

• Stifel Nicolaus has raised the price target for BRP from C$97.00 to C$106.00, indicating a potential upside of 17.24% from the current stock price.
• Several analysts have upgraded BRP's ratings, with Citigroup and Canaccord Genuity both moving their ratings to buy with price targets of C$102.00 and C$108.00, respectively.
• BRP's stock recently traded down 2.1% to C$90.41, while it has a market capitalization of C$6.61 billion and notable financial ratios, including a P/E ratio of -180.82.

BRP (TSE:DOO - Get Free Report) had its price target raised by research analysts at Stifel Nicolaus from C$97.00 to C$106.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus' price target suggests a potential upside of 17.24% from the company's previous close.

A number of other analysts have also issued reports on DOO. Citigroup upgraded shares of BRP from a "hold" rating to a "buy" rating and boosted their price target for the stock from C$93.00 to C$102.00 in a research note on Wednesday, October 1st. Canaccord Genuity Group upgraded shares of BRP from a "hold" rating to a "buy" rating and upped their target price for the stock from C$80.00 to C$108.00 in a research note on Tuesday, September 2nd. Royal Bank Of Canada upped their target price on shares of BRP from C$68.00 to C$100.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 2nd. Cibc World Mkts upgraded shares of BRP from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 1st. Finally, Scotiabank upped their target price on shares of BRP from C$67.00 to C$98.00 and gave the stock a "sector perform" rating in a research note on Tuesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$93.69.

BRP Trading Down 2.1%

TSE DOO traded down C$1.96 during trading hours on Friday, reaching C$90.41. The company had a trading volume of 162,484 shares, compared to its average volume of 192,478. The stock has a 50-day moving average of C$83.60 and a 200 day moving average of C$66.61. BRP has a 1-year low of C$43.88 and a 1-year high of C$95.15. 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 capitalization of C$6.61 billion, a P/E ratio of -180.82, a price-to-earnings-growth ratio of 2.05 and a beta of 1.12.

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.

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