BRP (TSE:DOO) had its target price boosted by Citigroup from C$71.00 to C$73.00 in a report issued on Wednesday, BayStreet.CA reports. Citigroup‘s target price suggests a potential upside of 14.62% from the company’s previous close.
A number of other analysts have also recently weighed in on DOO. CIBC increased their price objective on shares of BRP from C$56.00 to C$64.00 in a report on Thursday, October 31st. National Bank Financial boosted their price objective on BRP from C$71.00 to C$73.00 and gave the stock an “outperform” rating in a research report on Thursday, November 28th. TD Securities increased their price objective on BRP from C$70.00 to C$74.00 and gave the stock a “buy” rating in a report on Thursday, November 28th. Northcoast Research restated a “buy” rating on shares of BRP in a research report on Friday, October 11th. Finally, Desjardins lifted their target price on BRP from C$65.00 to C$66.00 and gave the company a “buy” rating in a research note on Friday, August 30th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. BRP has an average rating of “Buy” and a consensus price target of C$67.29.
Shares of DOO stock traded up C$0.40 during trading hours on Wednesday, hitting C$63.69. 148,520 shares of the company were exchanged, compared to its average volume of 299,007. The stock has a market capitalization of $5.61 billion and a price-to-earnings ratio of 18.19. BRP has a one year low of C$32.36 and a one year high of C$67.00. The business’s 50-day simple moving average is C$59.88 and its two-hundred day simple moving average is C$49.26.
BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersport vehicles and marine products worldwide. It operates through two segments, Powersports and Marine. The company offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircraft.
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