BRP (TSE:DOO) Stock Price Expected to Rise, National Bankshares Analyst Says

Key Points

• BRP's price target has been increased by National Bankshares from C$83.00 to C$101.00, indicating a potential upside of 10.59% from its current stock price.
• The stock has received various ratings upgrades, with one analyst giving it a Strong Buy rating, while most have assigned it a Moderate Buy consensus rating.
• BRP's shares traded up 5.7% to C$91.33, amidst a trading volume of 562,594 shares, significantly higher than its average volume of 183,995.

BRP (TSE:DOO - Get Free Report) had its price objective hoisted by equities researchers at National Bankshares from C$83.00 to C$101.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. National Bankshares' price target points to a potential upside of 10.59% from the stock's current price.

DOO has been the subject of a number of other reports. Citigroup upped their price target on shares of BRP from C$49.00 to C$60.00 in a report on Tuesday, June 3rd. Stifel Canada upgraded shares of BRP from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 29th. Desjardins upgraded shares of BRP from a "hold" rating to a "moderate buy" rating in a report on Thursday, May 29th. Finally, TD Securities upped their price target on shares of BRP from C$70.00 to C$87.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of C$91.69.

BRP Trading Up 5.7%

Shares of DOO traded up C$4.90 during mid-day trading on Tuesday, reaching C$91.33. The company's stock had a trading volume of 562,594 shares, compared to its average volume of 183,995. The company's fifty day moving average price is C$71.93 and its two-hundred day moving average price is C$60.49. BRP has a 52 week low of C$43.88 and a 52 week high of C$97.49. 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 cap of C$6.67 billion, a PE ratio of -182.66, a P/E/G ratio of 2.05 and a beta of 1.05.

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.

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