BRP Inc. (TSE:DOO) Given Average Recommendation of “Buy” by Analysts

BRP Inc. (TSE:DOO) has been given a consensus recommendation of “Buy” by the thirteen analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$111.33.

DOO has been the topic of several analyst reports. Desjardins raised their price target on shares of BRP from C$117.00 to C$130.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Stifel Nicolaus upped their price objective on shares of BRP from C$106.00 to C$120.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Royal Bank Of Canada raised their target price on shares of BRP from C$107.00 to C$131.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. Scotiabank lifted their target price on shares of BRP from C$102.00 to C$117.00 and gave the stock a “sector perform” rating in a research note on Friday, December 5th. Finally, Natl Bk Canada raised BRP from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 4th.

BRP Price Performance

Shares of TSE:DOO opened at C$106.44 on Tuesday. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37. The business’s fifty day moving average price is C$103.33 and its two-hundred day moving average price is C$91.78. The stock has a market cap of C$7.81 billion, a PE ratio of 322.55, a price-to-earnings-growth ratio of 2.05 and a beta of 1.26. BRP has a one year low of C$43.88 and a one year high of C$112.26.

About BRP

BRP designs, develops, manufactures, distributes, and markets snowmobiles, all-terrain vehicles, and personal watercraft under the Ski-Doo, Sea-Doo, Can-Am, and Lynx brand names. It also builds engines under the Rotax brand (after discontinuing the Evinrude outboard engine business in 2020) and offers clothing, parts, and accessories that cater to its core consumers. In 2018, BRP created a marine group, acquiring boat manufacturers Alumacraft, Triton (which makes Manitou pontoon boats), and Telwater (in Australia).