BRP PT Raised to C$35.00 at RBC Capital (DOO)
Stock analysts at RBC Capital boosted their target price on shares of BRP (TSE:DOO) from C$34.00 to C$35.00 in a report issued on Friday. The firm currently has an “outperform” rating on the stock. RBC Capital’s price objective would suggest a potential upside of 22.16% from the stock’s previous close.
BRP (TSE:DOO) traded up 0.31% on Friday, hitting $28.74. The stock had a trading volume of 56,052 shares. BRP has a 1-year low of $24.15 and a 1-year high of $31.98. The stock has a 50-day moving average of $29.31 and a 200-day moving average of $29.24. The company has a price-to-earnings ratio of 54.06.
BRP (TSE:DOO) last posted its quarterly earnings results on Friday, June 13th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. Analysts expect that BRP will post $1.58 EPS for the current fiscal year.
A number of other firms have also recently commented on DOO. Analysts at Canaccord Genuity raised their price target on shares of BRP from C$35.00 to C$37.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Wells Fargo & Co. initiated coverage on shares of BRP in a research note on Friday, May 2nd. They set an “outperform” rating on the stock. Finally, analysts at Robert W. Baird upgraded shares of BRP from a “neutral” rating to an “outperform” rating in a research note on Monday, March 31st. Ten equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of C$33.57.
BRP Inc is engaged in designing, manufacturing, marketing and distribution of recreational powersport products.
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