Canaccord Genuity Increases BRP Price Target to C$37.00 (DOO)
Canaccord Genuity upped their price target on shares of BRP (TSE:DOO) from C$35.00 to C$37.00 in a research note issued on Friday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price would indicate a potential upside of 29.14% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at RBC Capital raised their price target on shares of BRP from C$33.00 to C$34.00 in a research note on Monday, March 31st. They now have an “outperform” rating on the stock. Ten research analysts have rated the stock with a buy rating, BRP currently has a consensus rating of “Buy” and a consensus target price of C$33.57.
Shares of BRP (TSE:DOO) traded up 0.21% during mid-day trading on Friday, hitting $28.71. 60,321 shares of the company’s stock traded hands. BRP has a one year low of $24.15 and a one year high of $31.98. The stock’s 50-day moving average is $29.31 and its 200-day moving average is $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 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.05. Analysts expect that BRP will post $1.58 EPS for the current fiscal year.
BRP Inc is engaged in designing, manufacturing, marketing and distribution of recreational powersport products.
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