Northcoast Research Reaffirms Buy Rating for BRP Inc (DOO)
BRP Inc (TSE:DOO)‘s stock had its “buy” rating reiterated by analysts at Northcoast Research in a note issued to investors on Friday.
Several other analysts have also weighed in on DOO. Desjardins restated a “buy” rating and set a C$33.00 price target on shares of BRP in a report on Monday, December 12th. Royal Bank of Canada increased their price target on BRP from C$30.00 to C$33.00 and gave the company an “outperform” rating in a report on Monday, December 12th. BMO Capital Markets increased their target price on BRP from C$30.00 to C$34.00 in a research note on Monday, December 12th. Scotiabank increased their target price on BRP from C$29.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Monday, December 12th. Finally, Canaccord Genuity increased their target price on BRP from C$31.00 to C$33.00 in a research note on Monday, December 12th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of C$32.00.
Shares of BRP (TSE:DOO) opened at 28.05 on Friday. The company has a market cap of $3.13 billion and a PE ratio of 34.84. The stock’s 50 day moving average is $26.48 and its 200-day moving average is $26.10. BRP has a one year low of $16.75 and a one year high of $29.06.
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BRP Company Profile
BRP Inc is engaged in the design, development, manufacturing, distribution and marketing of power sports vehicles and propulsion systems. The Company manufactures and sells Year-Round Products consisting of all-terrain vehicles (ATVs), side-by-side vehicles (SSVs) and roadsters; Seasonal Products consisting of snowmobiles and personal watercrafts (PWCs), and Propulsion Products consisting of engines for outboard and jet boats, karts, motorcycles and recreational aircraft.
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