Brokerages Set BRP Inc. (TSE:DOO) Target Price at C$89.83

BRP Inc. (TSE:DOO) has been assigned an average rating of “Hold” from the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$89.83.

A number of equities research analysts recently weighed in on DOO shares. Royal Bank of Canada dropped their price target on BRP from C$108.00 to C$99.00 in a report on Monday, September 9th. Citigroup lowered their target price on BRP from C$101.00 to C$90.00 and set a “buy” rating for the company in a research note on Monday, December 9th. National Bankshares reduced their price target on shares of BRP from C$93.00 to C$84.00 in a research report on Thursday, November 21st. Scotiabank dropped their target price on shares of BRP from C$91.00 to C$86.00 and set a “sector perform” rating for the company in a research note on Monday, December 9th. Finally, Stifel Nicolaus decreased their price target on shares of BRP from C$82.00 to C$78.00 and set a “hold” rating on the stock in a research note on Monday, December 9th.

BRP Price Performance

Shares of BRP stock opened at C$73.76 on Monday. BRP has a 1-year low of C$65.32 and a 1-year high of C$102.46. The firm’s 50-day moving average price is C$70.66 and its two-hundred day moving average price is C$81.61. The company has a current ratio of 1.32, a quick ratio of 0.20 and a debt-to-equity ratio of 545.75. The stock has a market capitalization of C$2.54 billion, a price-to-earnings ratio of 22.35, a P/E/G ratio of 2.05 and a beta of 2.28.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.