BRP (TSE:DOO) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

BRP (TSE:DOO) had its price objective upped by analysts at Royal Bank Of Canada from C$68.00 to C$100.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 11.32% from the stock’s previous close.

A number of other analysts have also recently commented on DOO. Citigroup upped their price objective on BRP from C$49.00 to C$60.00 in a research report on Tuesday, June 3rd. BMO Capital Markets upped their price objective on BRP from C$75.00 to C$105.00 in a research report on Tuesday. Stifel Canada raised BRP from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 29th. TD Securities boosted their price target on BRP from C$87.00 to C$107.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Desjardins raised BRP from a “hold” rating to a “moderate buy” rating in a report on Thursday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, BRP has a consensus rating of “Moderate Buy” and a consensus target price of C$91.69.

BRP Stock Down 2.2%

DOO stock opened at C$89.83 on Tuesday. BRP has a 1-year low of C$43.88 and a 1-year high of C$94.23. The business has a fifty day moving average price of C$72.95 and a 200-day moving average price of C$60.91. The company has a debt-to-equity ratio of 573.79, a current ratio of 1.37 and a quick ratio of 0.20. The stock has a market capitalization of C$6.56 billion, a P/E ratio of -179.66, 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.