BRP (TSE:DOO) Price Target Raised to C$110.00 at Citigroup

BRP (TSE:DOO) had its target price raised by investment analysts at Citigroup from C$106.00 to C$110.00 in a research note issued on Tuesday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target suggests a potential upside of 27.40% from the stock’s current price.

Other analysts also recently issued research reports about the company. Desjardins lifted their price objective on BRP from C$97.00 to C$103.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. TD raised shares of BRP from a “hold” rating to a “buy” rating and raised their target price for the company from C$92.00 to C$106.00 in a report on Wednesday, August 19th. National Bank Financial upgraded shares of BRP from a “hold” rating to an “outperform” rating and boosted their price target for the stock from C$98.00 to C$112.00 in a research report on Thursday, September 3rd. Royal Bank Of Canada boosted their price target on shares of BRP from C$107.00 to C$113.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Finally, Canadian Imperial Bank of Commerce upped their price target on shares of BRP from C$90.00 to C$94.00 and gave the company an “outperformer” rating in a research note on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$103.93.

BRP Price Performance

TSE DOO traded down C$6.72 on Tuesday, reaching C$86.34. The company had a trading volume of 287,212 shares, compared to its average volume of 293,001. The company has a quick ratio of 0.20, a current ratio of 1.19 and a debt-to-equity ratio of 912.53. The stock has a market capitalization of C$6.14 billion, a PE ratio of 57.18, a price-to-earnings-growth ratio of 2.05 and a beta of 0.68. The firm’s 50 day moving average price is C$87.22 and its 200 day moving average price is C$87.44. BRP has a 12 month low of C$67.11 and a 12 month high of C$112.26.

BRP (TSE:DOO) last released its quarterly earnings data on Thursday, September 3rd. The company reported C($0.18) EPS for the quarter. BRP had a net margin of 1.21% and a return on equity of 20.51%. The company had revenue of C$2.24 billion for the quarter. As a group, equities analysts predict that BRP will post 6.890971 earnings per share for the current year.

BRP Company Profile

BRP Inc is a global leader in the world of powersports products and powertrains, built on over 80 years of ingenuity, innovation, and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on- and off-road vehicles, Quintrex boats as well as Rotax engines for karts, recreational aircraft and jet boats, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds.