BRP Inc. (TSE:DOO) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of BRP Inc. (TSE:DOO) have earned a consensus rating of “Moderate Buy” from the twelve brokerages that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$111.33.

Several research analysts have commented on DOO shares. Stifel Nicolaus lifted their price target on BRP from C$106.00 to C$120.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Canadian Imperial Bank of Commerce boosted their target price on shares of BRP from C$115.00 to C$118.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. Scotiabank upped their target price on shares of BRP from C$102.00 to C$117.00 and gave the company a “sector perform” rating in a research note on Friday, December 5th. Loop Capital raised shares of BRP to a “strong-buy” rating in a report on Thursday, November 13th. Finally, TD Securities raised their price target on shares of BRP from C$106.00 to C$119.00 and gave the stock a “buy” rating in a research report on Friday, December 5th.

BRP Trading Down 5.8%

BRP stock opened at C$100.01 on Friday. BRP has a 52 week low of C$43.88 and a 52 week high of C$112.26. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37. The firm has a market capitalization of C$7.34 billion, a PE ratio of 303.06, a PEG ratio of 2.05 and a beta of 1.26. The business’s 50-day simple moving average is C$104.67 and its 200-day simple moving average is C$95.51.

BRP Company Profile

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).