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

Shares of BRP Inc. (TSE:DOO) have been assigned a consensus rating of “Buy” from the thirteen brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is C$111.33.

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of BRP from C$106.00 to C$120.00 and gave the company a “buy” 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 stock a “sector perform” rating in a research report on Friday, December 5th. BMO Capital Markets raised their target price on shares of BRP from C$105.00 to C$115.00 and gave the company an “outperform” rating in a research note on Friday, December 5th. Citigroup lifted their price target on shares of BRP from C$122.00 to C$128.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Finally, Royal Bank Of Canada boosted their price target on shares of BRP from C$107.00 to C$131.00 and gave the stock an “outperform” rating in a research note on Friday, December 5th.

BRP Stock Up 0.1%

TSE DOO opened at C$89.23 on Wednesday. BRP has a 12 month low of C$43.88 and a 12 month high of C$112.26. The company has a current ratio of 1.23, a quick ratio of 0.20 and a debt-to-equity ratio of 489.75. The stock has a market cap of C$6.55 billion, a PE ratio of 270.39, a P/E/G ratio of 2.05 and a beta of 1.15. The stock’s 50 day moving average is C$101.42 and its 200 day moving average is C$96.63.

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).