BRP (TSE:DOO) Price Target Raised to C$93.00

Key Points

• Analysts at Citigroup have increased their price target for BRP from C$69.00 to C$93.00, indicating a potential upside of 1.83% from its previous close.
• BRP received multiple upgrades from various firms, with Stifel Nicolaus setting a new target price of C$97.00 and National Bank raising theirs to C$101.00.
• As of Tuesday, BRP shares traded at C$91.33, with a 52-week range between C$43.88 and C$97.49 and a market capitalization of C$6.67 billion.

BRP (TSE:DOO - Get Free Report) had its price objective increased by analysts at Citigroup from C$69.00 to C$93.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has a "neutral" rating on the stock. Citigroup's price target would suggest a potential upside of 1.83% from the company's previous close.

DOO has been the subject of a number of other reports. Stifel Nicolaus boosted their target price on shares of BRP from C$88.00 to C$97.00 and gave the stock a "buy" rating in a research note on Tuesday. National Bankshares boosted their target price on shares of BRP from C$83.00 to C$101.00 and gave the stock a "sector perform" rating in a research note on Tuesday. Scotiabank boosted 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. Canaccord Genuity Group raised shares of BRP from a "hold" rating to a "buy" rating and boosted their price target for the stock from C$80.00 to C$108.00 in a research note on Tuesday. Finally, Stifel Canada raised shares of BRP from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 29th. One research 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$91.69.

BRP Price Performance

Shares of TSE DOO traded up C$4.90 during 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. BRP has a 52 week low of C$43.88 and a 52 week high of C$97.49. 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 company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37. The business's 50 day moving average price is C$71.93 and its 200-day moving average price is C$60.49.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.