Royal Bank of Canada Raises BRP Inc (DOO) Price Target to C$36.00
BRP Inc (TSE:DOO) had its price objective upped by analysts at Royal Bank of Canada from C$34.00 to C$36.00 in a note issued to investors on Friday, StockTargetPrices.com reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 13.21% from the company’s previous close.
DOO has been the topic of a number of other research reports. National Bank Financial lowered shares of BRP from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from C$33.00 to C$35.00 in a research note on Thursday, May 4th. Scotiabank raised their price objective on shares of BRP from C$32.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 28th. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$38.00 price objective on shares of BRP in a research note on Monday, March 27th. CIBC lifted their target price on shares of BRP from C$33.00 to C$34.00 in a research note on Monday, March 27th. Finally, Desjardins lifted their target price on shares of BRP from C$33.00 to C$35.00 and gave the company a “buy” rating in a research note on Monday, March 27th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. BRP has a consensus rating of “Buy” and an average price target of C$34.86.
BRP (TSE:DOO) traded down 1.35% on Friday, reaching $31.37. The company had a trading volume of 20,871 shares. The firm has a market capitalization of $3.50 billion and a price-to-earnings ratio of 13.82. BRP has a 52-week low of $19.35 and a 52-week high of $33.57. The stock’s 50-day moving average price is $32.45 and its 200 day moving average price is $28.07.
COPYRIGHT VIOLATION NOTICE: This piece of content was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another publication, it was stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/05/26/royal-bank-of-canada-raises-brp-inc-doo-price-target-to-c36-00.html.
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.
Receive News & Ratings for BRP Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRP Inc and related companies with MarketBeat.com's FREE daily email newsletter.