BRP (TSE:DOO) Hits New 1-Year High on Analyst Upgrade

BRP Inc. (TSE:DOO)’s share price hit a new 52-week high during mid-day trading on Wednesday after Citigroup raised their price target on the stock from C$122.00 to C$128.00. Citigroup currently has a buy rating on the stock. BRP traded as high as C$108.16 and last traded at C$107.74, with a volume of 263644 shares. The stock had previously closed at C$102.24.

A number of other equities analysts also recently issued reports on DOO. Stifel Nicolaus increased their target price on BRP from C$106.00 to C$120.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. BMO Capital Markets upped their price objective on BRP from C$105.00 to C$115.00 and gave the stock an “outperform” rating in a report on Friday, December 5th. Natl Bk Canada raised BRP from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 4th. Loop Capital upgraded shares of BRP to a “strong-buy” rating in a research report on Thursday, November 13th. Finally, CIBC increased their price target on shares of BRP from C$115.00 to C$118.00 and gave the company an “outperform” rating in a report on Friday, December 5th. Four analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, BRP currently has a consensus rating of “Buy” and an average price target of C$111.33.

BRP Price Performance

The company has a debt-to-equity ratio of 573.79, a current ratio of 1.37 and a quick ratio of 0.20. The firm has a market capitalization of C$7.91 billion, a PE ratio of 326.48, a P/E/G ratio of 2.05 and a beta of 1.25. The company has a 50-day moving average price of C$97.43 and a 200-day moving average price of C$86.94.

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).