BRP (TSE:DOO) Rating Increased to Outperform at National Bankshares

BRP (TSE:DOO) was upgraded by investment analysts at National Bankshares from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a C$125.00 price target on the stock, up from their previous price target of C$105.00. National Bankshares’ target price suggests a potential upside of 18.05% from the stock’s current price.

DOO has been the topic of a number of other reports. Citigroup lifted their target price on shares of BRP from C$102.00 to C$122.00 and gave the stock a “buy” rating in a research note on Friday. TD Securities upped their price objective on BRP from C$106.00 to C$119.00 and gave the company a “buy” rating in a report on Friday. Natl Bk Canada upgraded BRP from a “hold” rating to a “strong-buy” rating in a research report on Thursday. CIBC raised their target price on BRP from C$115.00 to C$118.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, BMO Capital Markets lifted their target price on BRP from C$105.00 to C$115.00 and gave the company an “outperform” rating in a research report on Friday. Four analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$109.08.

BRP Price Performance

Shares of BRP stock traded up C$0.86 during trading hours on Friday, reaching C$105.89. 231,880 shares of the company’s stock were exchanged, compared to its average volume of 187,128. The business has a fifty day moving average of C$91.79 and a two-hundred day moving average of C$78.71. The company has a market capitalization of C$7.74 billion, a P/E ratio of -211.78, a price-to-earnings-growth ratio of 2.05 and a beta of 1.07. The company has a quick ratio of 0.20, a current ratio of 1.37 and a debt-to-equity ratio of 573.79. BRP has a 1 year low of C$43.88 and a 1 year high of C$108.90.

BRP Company Profile

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.