Royal Bank Of Canada Raises BRP (TSE:DOO) Price Target to C$107.00

BRP (TSE:DOO) had its target price lifted by stock analysts at Royal Bank Of Canada from C$100.00 to C$107.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 13.23% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. CIBC upgraded BRP from a “neutral” rating to an “outperform” rating and upped their price target for the company from C$66.00 to C$100.00 in a research report on Tuesday, September 2nd. National Bankshares upped their price target on BRP from C$83.00 to C$101.00 and gave the company a “sector perform” rating in a research report on Tuesday, September 2nd. TD Securities boosted their price objective on BRP from C$87.00 to C$107.00 and gave the stock a “buy” rating in a report on Tuesday, September 2nd. Canaccord Genuity Group boosted their price objective on BRP from C$108.00 to C$116.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Finally, Scotiabank boosted their price objective on BRP from C$98.00 to C$102.00 and gave the stock a “sector perform” rating in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, BRP presently has an average rating of “Moderate Buy” and an average target price of C$94.54.

BRP Trading Up 0.8%

Shares of DOO opened at C$94.50 on Thursday. The business’s 50-day moving average price is C$86.37 and its 200-day moving average price is C$68.35. BRP has a twelve month low of C$43.88 and a twelve month high of C$96.10. The stock has a market cap of C$6.91 billion, a PE ratio of -189.00, a P/E/G ratio of 2.05 and a beta of 1.12. The company has a quick ratio of 0.20, a current ratio of 1.37 and a debt-to-equity ratio of 573.79.

About BRP

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.