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

Shares of BRP Inc. (TSE:DOO) have been given an average recommendation of “Buy” by the thirteen analysts that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$111.33.

A number of equities analysts have weighed in on DOO shares. Scotiabank upped their price target on shares of BRP from C$102.00 to C$117.00 and gave the stock a “sector perform” rating in a research report on Friday, December 5th. Canadian Imperial Bank of Commerce raised their price objective on shares of BRP from C$115.00 to C$118.00 and gave the company an “outperform” rating in a research report on Friday, December 5th. Stifel Nicolaus lifted their target price on shares of BRP from C$106.00 to C$120.00 and gave the company a “buy” rating in a research note on Friday, December 5th. TD Securities upped their target price on shares of BRP from C$106.00 to C$119.00 and gave the stock a “buy” rating in a report on Friday, December 5th. Finally, 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 research note on Friday, December 5th.

BRP Trading Up 0.1%

Shares of TSE:DOO opened at C$89.23 on Wednesday. The stock has a 50 day moving average of C$101.42 and a 200 day moving average of C$96.63. The company has a market cap of C$6.55 billion, a PE ratio of 270.39, a price-to-earnings-growth ratio of 2.05 and a beta of 1.15. BRP has a 12-month low of C$43.88 and a 12-month high of C$112.26. The company has a current ratio of 1.23, a quick ratio of 0.20 and a debt-to-equity ratio of 489.75.

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).