BRP Inc. (TSE:DOO) Given Consensus Rating of “Buy” by Analysts

BRP Inc. (TSE:DOO) has earned a consensus rating of “Buy” from the fifteen ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and four have issued a strong buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is C$110.83.

DOO has been the topic of several research reports. Natl Bk Canada raised shares of BRP from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 4th. Citigroup raised their price target on shares of BRP from C$102.00 to C$122.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Royal Bank Of Canada upped their price objective on BRP from C$107.00 to C$131.00 and gave the company an “outperform” rating in a research note on Friday, December 5th. Canaccord Genuity Group raised their target price on BRP from C$116.00 to C$118.00 in a research report on Friday, December 5th. Finally, National Bankshares raised BRP from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$105.00 to C$125.00 in a research report on Friday, December 5th.

BRP Price Performance

Shares of TSE:DOO opened at C$101.66 on Friday. The company has a market capitalization of C$7.46 billion, a P/E ratio of 308.06, a price-to-earnings-growth ratio of 2.05 and a beta of 1.25. The company’s 50-day moving average is C$96.64 and its 200 day moving average is C$85.92. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37. BRP has a fifty-two week low of C$43.88 and a fifty-two week high of C$108.90.

About BRP

BRP designs, develops, manufactures, distributes, and markets snowmobiles, all-terrain vehicles, and personal watercraft under the Ski-Doo, Sea-Doo, Can-Am, and Lynx brand names. It also builds engines under the Rotax brand (after discontinuing the Evinrude outboard engine business in 2020) and offers clothing, parts, and accessories that cater to its core consumers. In 2018, BRP created a marine group, acquiring boat manufacturers Alumacraft, Triton (which makes Manitou pontoon boats), and Telwater (in Australia).