BRP Inc. (TSE:DOO) Receives Average Rating of “Buy” from Analysts

BRP Inc. (TSE:DOO) has been assigned a consensus recommendation of “Buy” from the fourteen brokerages that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$111.33.

Several brokerages have recently weighed in on DOO. BMO Capital Markets increased 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. Scotiabank upped their price objective 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. TD Securities increased their target price on BRP from C$106.00 to C$119.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. National Bankshares raised shares of BRP from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$105.00 to C$125.00 in a research note on Friday, December 5th. Finally, Desjardins upped their price target on shares of BRP from C$117.00 to C$130.00 and gave the stock a “buy” rating in a report on Friday, December 5th.

BRP Trading Up 3.4%

DOO opened at C$106.28 on Tuesday. The stock has a 50-day moving average of C$102.59 and a 200 day moving average of C$90.82. The company has a current ratio of 1.37, a quick ratio of 0.20 and a debt-to-equity ratio of 573.79. BRP has a 12 month low of C$43.88 and a 12 month high of C$112.26. The firm has a market cap of C$7.80 billion, a P/E ratio of 322.06, a P/E/G ratio of 2.05 and a beta of 1.25.

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