National Bank Financial Raises BRP (TSE:DOO) Price Target to C$71.00
BRP (TSE:DOO) had its price target boosted by research analysts at National Bank Financial from C$58.00 to C$71.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 13.98% from the company’s current price.
A number of other research firms also recently commented on DOO. CIBC boosted their target price on BRP from C$56.00 to C$64.00 in a research report on Thursday, October 31st. Northcoast Research reiterated a “buy” rating on shares of BRP in a research report on Friday, October 11th. TD Securities boosted their target price on BRP from C$54.00 to C$70.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Citigroup boosted their target price on BRP from C$49.00 to C$54.00 in a research report on Wednesday, July 24th. Finally, Desjardins boosted their target price on BRP from C$65.00 to C$66.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of C$63.75.
DOO stock traded up C$0.31 on Tuesday, reaching C$62.29. 102,130 shares of the company’s stock were exchanged, compared to its average volume of 296,728. The stock has a fifty day moving average of C$56.27 and a 200-day moving average of C$47.50. BRP has a twelve month low of C$32.36 and a twelve month high of C$62.92. The firm has a market cap of $5.61 billion and a PE ratio of 21.00.
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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