BRP (TSE:DOO) Stock Rating Upgraded by Desjardins

BRP (TSE:DOO - Get Free Report) was upgraded by research analysts at Desjardins from a "hold" rating to a "moderate buy" rating in a research note issued to investors on Thursday,Zacks.com reports.

DOO has been the topic of a number of other reports. Royal Bank of Canada reduced their price target on shares of BRP from C$99.00 to C$69.00 in a research report on Friday, March 28th. Stifel Nicolaus reduced their price target on shares of BRP from C$58.00 to C$49.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Baird R W downgraded shares of BRP from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Raymond James reduced their price target on shares of BRP from C$98.00 to C$65.00 in a research report on Thursday, March 27th. Finally, BMO Capital Markets reduced their price target on shares of BRP from C$100.00 to C$70.00 in a research report on Thursday, March 27th. Nine equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of C$69.21.

BRP Stock Performance

Shares of BRP stock traded up C$0.59 during trading hours on Thursday, reaching C$61.04. The company's stock had a trading volume of 283,597 shares, compared to its average volume of 196,214. The company's 50 day simple moving average is C$49.75 and its 200 day simple moving average is C$60.75. 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 one year low of C$43.88 and a one year high of C$102.16. The stock has a market cap of C$4.49 billion, a P/E ratio of 23.01, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28.

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.