BRP (TSE:DOO) Raised to Strong-Buy at Cibc World Mkts

Cibc World Mkts upgraded shares of BRP (TSE:DOO) from a hold rating to a strong-buy rating in a research note published on Monday,Zacks.com reports.

A number of other equities research analysts also recently commented on the stock. TD Securities raised their price objective on shares of BRP from C$87.00 to C$107.00 and gave the company a “buy” rating in a research report on Tuesday. BMO Capital Markets raised their price objective on shares of BRP from C$75.00 to C$105.00 in a research report on Tuesday. Citigroup raised their price objective on shares of BRP from C$69.00 to C$93.00 and gave the company a “neutral” rating in a research report on Tuesday. National Bankshares raised their price objective on shares of BRP from C$83.00 to C$101.00 and gave the company a “sector perform” rating in a research report on Tuesday. Finally, Scotiabank increased their target price on shares of BRP from C$67.00 to C$98.00 and gave the company a “sector perform” rating in a report on Tuesday. Two 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$91.69.

BRP Price Performance

Shares of TSE:DOO opened at C$89.83 on Monday. 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 market cap of C$6.56 billion, a P/E ratio of -179.66, a PEG ratio of 2.05 and a beta of 1.05. BRP has a 52 week low of C$43.88 and a 52 week high of C$94.23. The company has a 50-day moving average price of C$72.95 and a 200 day moving average price of C$60.91.

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.