BRP (TSE:DOO) Price Target Raised to C$128.00 at Citigroup

BRP (TSE:DOO) had its price objective upped by Citigroup from C$122.00 to C$128.00 in a research report report published on Tuesday morning,BayStreet.CA reports. Citigroup currently has a buy rating on the stock.

Several other research analysts have also commented on the company. BMO Capital Markets lifted their price target on BRP from C$105.00 to C$115.00 and gave the stock an “outperform” rating in a report on Friday, December 5th. Loop Capital upgraded shares of BRP to a “strong-buy” rating in a report on Thursday, November 13th. Canaccord Genuity Group upped their price objective on BRP from C$116.00 to C$118.00 in a report on Friday, December 5th. National Bankshares upgraded BRP from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$105.00 to C$125.00 in a research report on Friday, December 5th. Finally, Scotiabank lifted their target price on BRP from C$102.00 to C$117.00 and gave the company a “sector perform” rating in a research report on Friday, December 5th. Four investment 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 stock. According to MarketBeat, BRP has an average rating of “Buy” and an average price target of C$111.33.

BRP Price Performance

TSE:DOO opened at C$102.24 on Tuesday. BRP has a one year low of C$43.88 and a one year high of C$108.90. 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 stock has a market cap of C$7.51 billion, a PE ratio of 309.82, a P/E/G ratio of 2.05 and a beta of 1.25. The stock has a 50 day moving average price of C$97.43 and a 200 day moving average price of C$86.94.

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. In 2018, BRP created a marine group, acquiring boat manufacturers Alumacraft, Triton (which makes Manitou pontoon boats), and Telwater (in Australia).