BRP (TSE:DOO) Stock Price Expected to Rise, TD Securities Analyst Says

BRP (TSE:DOO) had its price target lifted by investment analysts at TD Securities from C$87.00 to C$107.00 in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 19.11% from the stock’s current price.

Several other analysts have also recently weighed in on the company. Scotiabank boosted their price objective on BRP from C$67.00 to C$98.00 and gave the stock a “sector perform” rating in a report on Tuesday. Canaccord Genuity Group raised BRP from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$80.00 to C$108.00 in a report on Tuesday. Desjardins raised BRP from a “hold” rating to a “moderate buy” rating in a report on Thursday, May 29th. Citigroup boosted their price objective on BRP from C$49.00 to C$60.00 in a report on Tuesday, June 3rd. Finally, National Bankshares upped their price target on BRP from C$83.00 to C$101.00 and gave the company a “sector perform” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$91.69.

BRP Stock Down 2.2%

Shares of TSE DOO opened at C$89.83 on Tuesday. The firm’s 50-day simple moving average is C$72.95 and its 200 day simple moving average is C$60.91. The company has a market cap of C$6.56 billion, a price-to-earnings ratio of -179.66, a price-to-earnings-growth ratio of 2.05 and a beta of 1.05. The company has a quick ratio of 0.20, a current ratio of 1.37 and a debt-to-equity ratio of 573.79. BRP has a 12-month low of C$43.88 and a 12-month high of C$94.23.

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.