BRP Inc. (TSE:DOO) Given Consensus Recommendation of “Moderate Buy” by Analysts

BRP Inc. (TSE:DOO) has been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$111.33.

DOO has been the topic of a number of research analyst reports. BMO Capital Markets lifted their price target on BRP from C$105.00 to C$115.00 and gave the company an “outperform” rating in a report on Friday, December 5th. Canadian Imperial Bank of Commerce upped their target price on BRP from C$115.00 to C$118.00 and gave the company an “outperform” rating in a report on Friday, December 5th. Citigroup increased their price target on shares of BRP from C$122.00 to C$128.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Loop Capital raised shares of BRP to a “strong-buy” rating in a research note on Thursday, November 13th. Finally, Canaccord Genuity Group upped their price target on shares of BRP from C$116.00 to C$118.00 in a research note on Friday, December 5th.

BRP Stock Down 5.8%

DOO stock opened at C$100.01 on Friday. The company has a debt-to-equity ratio of 573.79, a current ratio of 1.37 and a quick ratio of 0.20. The firm has a market capitalization of C$7.34 billion, a P/E ratio of 303.06, a P/E/G ratio of 2.05 and a beta of 1.26. BRP has a 52-week low of C$43.88 and a 52-week high of C$112.26. The company’s 50 day simple moving average is C$104.67 and its 200-day simple moving average is C$95.51.

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).