BRP (TSE:DOO) Price Target Raised to C$97.00

Key Points

• BRP's target price has been raised to C$97.00 by Stifel Nicolaus, indicating a potential 6.21% upside from its current trading price.
• Other analysts have also increased their target prices for BRP, with Scotiabank setting it at C$98.00 and TD Securities at C$107.00, reflecting overall bullish sentiments around the stock.
• BRP shares traded up 5.7% on the day to reach C$91.33, with a market capitalization of C$6.67 billion.

BRP (TSE:DOO - Get Free Report) had its target price raised by investment analysts at Stifel Nicolaus from C$88.00 to C$97.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus' price target would indicate a potential upside of 6.21% from the company's current price.

A number of other equities analysts have also recently issued reports on DOO. Scotiabank raised 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 report on Tuesday. Citigroup lifted their target price on BRP from C$49.00 to C$60.00 in a research note on Tuesday, June 3rd. CIBC upgraded BRP from a "neutral" rating to an "outperform" rating and lifted their target price for the company from C$66.00 to C$100.00 in a research note on Tuesday. TD Securities lifted their target price on BRP from C$87.00 to C$107.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Stifel Canada upgraded 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 issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$91.69.

BRP Stock Up 5.7%

Shares of BRP stock 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. The company has a market cap of C$6.67 billion, a price-to-earnings ratio of -182.66, a price-to-earnings-growth ratio of 2.05 and a beta of 1.05. The firm's fifty day moving average is C$71.93 and its 200-day moving average is C$60.49. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37. BRP has a fifty-two week low of C$43.88 and a fifty-two week high of C$97.49.

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.

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.