Natl Bk Canada Upgrades BRP (TSE:DOO) to Strong-Buy

BRP (TSE:DOO) was upgraded by research analysts at Natl Bk Canada from a “hold” rating to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the stock. Scotiabank upped their price target on shares of BRP from C$98.00 to C$102.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 14th. Stifel Nicolaus boosted their price objective on shares of BRP from C$97.00 to C$106.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Loop Capital upgraded BRP to a “strong-buy” rating in a report on Thursday, November 13th. Cibc World Mkts upgraded BRP from a “hold” rating to a “strong-buy” rating in a report on Monday, September 1st. Finally, Citigroup upgraded BRP from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$93.00 to C$102.00 in a research note on Wednesday, October 1st. Four equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$109.08.

BRP Stock Performance

Shares of BRP stock opened at C$106.12 on Thursday. The company has a current ratio of 1.37, a quick ratio of 0.20 and a debt-to-equity ratio of 573.79. The stock’s fifty day moving average price is C$92.23 and its 200-day moving average price is C$79.09. The firm has a market cap of C$7.76 billion, a P/E ratio of -212.24, a P/E/G ratio of 2.05 and a beta of 1.07. BRP has a 12 month low of C$43.88 and a 12 month high of C$108.90.

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.