BRP (TSE:DOO) Upgraded by CIBC to Outperform Rating

CIBC upgraded shares of BRP (TSE:DOO) from a neutral rating to an outperform rating in a research report sent to investors on Tuesday,BayStreet.CA reports. They currently have C$100.00 target price on the stock, up from their prior target price of C$66.00.

Other research analysts have also issued reports about the company. TD Securities increased their target price on BRP from C$70.00 to C$87.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. National Bankshares upped their price target on BRP from C$83.00 to C$101.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Desjardins raised BRP from a “hold” rating to a “moderate buy” rating in a research note on Thursday, May 29th. Citigroup boosted their target price on BRP from C$49.00 to C$60.00 in a report on Tuesday, June 3rd. Finally, Stifel Canada raised shares of BRP from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 29th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$91.69.

BRP Stock Performance

TSE:DOO opened at C$91.89 on Tuesday. The company has a quick ratio of 0.20, a current ratio of 1.37 and a debt-to-equity ratio of 573.79. The company has a market cap of C$6.71 billion, a P/E ratio of -183.78, a P/E/G ratio of 2.05 and a beta of 1.05. BRP has a fifty-two week low of C$43.88 and a fifty-two week high of C$97.49. The firm’s 50 day moving average is C$72.45 and its two-hundred day moving average is C$60.71.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.