Stifel Nicolaus Increases BRP (TSE:DOO) Price Target to C$106.00

BRP (TSE:DOO) had its price objective raised by investment analysts at Stifel Nicolaus from C$97.00 to C$106.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 18.58% from the company’s current price.

DOO has been the topic of a number of other research reports. TD Securities lifted their price target on shares of BRP from C$87.00 to C$107.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. BMO Capital Markets boosted their price target on shares of BRP from C$75.00 to C$105.00 in a research report on Tuesday, September 2nd. Royal Bank Of Canada boosted their price objective on shares of BRP from C$68.00 to C$100.00 and gave the company an “outperform” rating in a report on Tuesday, September 2nd. Scotiabank boosted 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 research note on Tuesday, September 2nd. Finally, Cibc World Mkts upgraded shares of BRP from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 1st. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$93.69.

BRP Price Performance

Shares of TSE DOO opened at C$89.39 on Friday. The stock has a market capitalization of C$6.54 billion, a price-to-earnings ratio of -178.78, a PEG ratio of 2.05 and a beta of 1.12. BRP has a 12 month low of C$43.88 and a 12 month high of C$95.15. The firm’s 50 day simple moving average is C$84.03 and its 200-day simple moving average is C$66.96. The company has a debt-to-equity ratio of 573.79, a current ratio of 1.37 and a quick ratio of 0.20.

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.