BRP Inc (TSE:DOO) Receives Average Recommendation of “Buy” from Brokerages
BRP Inc (TSE:DOO) has been assigned a consensus rating of “Buy” from the eight brokerages that are currently covering the company. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$29.86.
DOO has been the subject of a number of research reports. Royal Bank Of Canada cut their target price on shares of BRP from C$29.00 to C$28.00 in a research note on Friday, September 2nd. Scotiabank reissued an “outperform” rating and set a C$29.00 target price on shares of BRP in a research note on Monday, September 26th. RBC Capital Markets boosted their target price on shares of BRP from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Friday, September 2nd. BMO Capital Markets set a C$30.00 target price on shares of BRP and gave the stock a “market perform” rating in a research note on Monday, September 12th. Finally, CIBC boosted their target price on shares of BRP from C$28.00 to C$31.00 in a research note on Monday, September 12th.
BRP (TSE:DOO) traded down 0.08% during mid-day trading on Thursday, reaching $25.98. 45,024 shares of the company were exchanged. BRP has a 1-year low of $13.87 and a 1-year high of $27.30. The company has a 50 day moving average of $25.09 and a 200-day moving average of $21.58. The company has a market capitalization of $2.91 billion and a price-to-earnings ratio of 37.98.
BRP Inc is engaged in the design, development, manufacturing, distribution and marketing of power sports vehicles and propulsion systems. The Company manufactures and sells Year-Round Products consisting of all-terrain vehicles (ATVs), side-by-side vehicles (SSVs) and roadsters; Seasonal Products consisting of snowmobiles and personal watercrafts (PWCs), and Propulsion Products consisting of engines for outboard and jet boats, karts, motorcycles and recreational aircraft.
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