Scotiabank Forecasts Strong Price Appreciation for BRP (TSE:DOO) Stock

BRP (TSE:DOO) had its price objective boosted by research analysts at Scotiabank from C$67.00 to C$98.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price target suggests a potential upside of 9.09% from the company’s current price.

Other research analysts also recently issued research reports about the stock. National Bankshares upped their price target on shares of BRP from C$83.00 to C$101.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Citigroup increased their price objective on shares of BRP from C$49.00 to C$60.00 in a report on Tuesday, June 3rd. Desjardins upgraded shares of BRP from a “hold” rating to a “moderate buy” rating in a report on Thursday, May 29th. Stifel Canada upgraded shares of BRP from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 29th. Finally, TD Securities increased their price objective 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. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$91.69.

BRP Stock Down 2.2%

DOO opened at C$89.83 on Tuesday. BRP has a twelve month low of C$43.88 and a twelve month high of C$94.23. The company has a quick ratio of 0.20, a current ratio of 1.37 and a debt-to-equity ratio of 573.79. The company has a 50-day moving average price of C$72.95 and a 200 day moving average price of C$60.91. The company has a market cap of C$6.56 billion, a PE ratio of -179.66, a price-to-earnings-growth 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.