Citigroup Raises BRP (TSE:DOO) Price Target to C$73.00

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.

About BRP

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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Analyst Recommendations for BRP (TSE:DOO)

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