National Bank Financial Lowers BRP Inc (DOO) Price Target to C$28.00
BRP Inc (TSE:DOO) had its target price cut by research analysts at National Bank Financial from C$31.00 to C$28.00 in a research note issued to investors on Friday. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 21.85% from the stock’s current price.
Other analysts have also recently issued reports about the stock. Royal Bank Of Canada decreased their price target on shares of BRP from C$29.00 to C$28.00 in a report on Friday, September 2nd. CIBC raised their price target on shares of BRP from C$28.00 to C$31.00 in a report on Monday, September 12th. Canaccord Genuity raised their price target on shares of BRP from C$27.50 to C$30.00 in a report on Monday, September 12th. Desjardins raised their price target on shares of BRP from C$29.00 to C$31.00 and gave the stock a “buy” rating in a report on Monday, September 12th. Finally, BMO Capital Markets set a C$30.00 price target on shares of BRP and gave the stock a “market perform” rating in a report on Monday, September 12th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of C$29.63.
BRP (TSE:DOO) opened at 22.98 on Friday. The company has a market capitalization of $2.57 billion and a P/E ratio of 33.60. BRP has a 1-year low of $13.87 and a 1-year high of $27.30. The firm’s 50-day moving average is $25.18 and its 200-day moving average is $22.82.
BRP Company Profile
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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