Stifel Nicolaus Issues Positive Forecast for BRP (TSE:DOO) Stock Price

BRP (TSE:DOO) had its target price upped by Stifel Nicolaus from C$88.00 to C$97.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also weighed in on DOO. National Bankshares increased their target price on BRP from C$83.00 to C$101.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Scotiabank upped their price target on shares of BRP from C$67.00 to C$98.00 and gave the stock a “sector perform” rating in a report on Tuesday. Canaccord Genuity Group upgraded shares of BRP from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$80.00 to C$108.00 in a report on Tuesday. Stifel Canada raised shares of BRP from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 29th. Finally, Desjardins upgraded shares of BRP from a “hold” rating to a “moderate buy” rating in a research note on Thursday, May 29th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, BRP presently has a consensus rating of “Moderate Buy” and an average price target of C$91.69.

BRP Trading Up 6.3%

Shares of TSE DOO opened at C$91.89 on Tuesday. BRP has a fifty-two week low of C$43.88 and a fifty-two week high of C$97.49. 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 company has a market cap of C$6.71 billion, a price-to-earnings ratio of -183.78, a PEG ratio of 2.05 and a beta of 1.05. The business’s 50 day moving average price is C$72.45 and its 200-day moving average price 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.