BRP (TSE:DOO) Price Target Raised to C$98.00

BRP (TSE:DOO – Get Free Report) had its price objective increased by analysts at National Bank Financial from C$84.00 to C$98.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 6.56% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Raymond James Financial cut shares of BRP from a “strong-buy” rating to a “market perform” rating in a research note on Friday, April 24th. TD Securities upgraded shares of BRP from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. TD raised BRP from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$92.00 to C$106.00 in a report on Wednesday. Desjardins increased their price objective on BRP from C$97.00 to C$103.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Finally, Citigroup lowered their target price on BRP from C$75.00 to C$74.00 and set a “buy” rating for the company in a research note on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$100.60.

Get BRP alerts:

Get Our Latest Analysis on BRP

BRP Price Performance

TSE DOO traded down C$2.23 on Thursday, hitting C$91.97. 92,768 shares of the company were exchanged, compared to its average volume of 290,597. BRP has a 1-year low of C$67.11 and a 1-year high of C$112.26. The firm has a 50 day moving average of C$86.50 and a two-hundred day moving average of C$89.11. The company has a current ratio of 1.30, a quick ratio of 0.20 and a debt-to-equity ratio of 419.45. The company has a market cap of C$6.78 billion, a P/E ratio of 25.13, a P/E/G ratio of 2.05 and a beta of 0.81.

BRP (TSE:DOO – Get Free Report) last posted its quarterly earnings data on Thursday, May 28th. The company reported C$1.83 earnings per share for the quarter. BRP had a net margin of 3.01% and a return on equity of 46.01%. The firm had revenue of C$2.39 billion during the quarter. On average, equities analysts predict that BRP will post 6.890971 EPS for the current year.

About BRP

(Get Free Report)

BRP Inc is a global leader in the world of powersports products and powertrains, built on over 80 years of ingenuity, innovation, and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on- and off-road vehicles, Quintrex boats as well as Rotax engines for karts, recreational aircraft and jet boats, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds.

Read More

• Five stocks we like better than BRP
• 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
• Walmart’s Post-Earnings Drop Could Be a Buying Opportunity
• The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
• Sociedad Química y Minera’s Lithium Boom Is Back, But Iodine Steals the Show

Receive News & Ratings for BRP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRP and related companies with MarketBeat.com's FREE daily email newsletter.