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

BRP Inc. (TSE:DOO) has been given an average rating of “Hold” by the twelve brokerages that are covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year 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 have commented on the stock. Scotiabank cut 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 report on Monday, December 9th. Royal Bank of Canada reduced their price target on shares of BRP from C$108.00 to C$99.00 in a research report on Monday, September 9th. CIBC decreased their target price on BRP from C$92.00 to C$82.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. National Bankshares dropped their target price on shares of BRP from C$93.00 to C$84.00 in a research report on Thursday, November 21st. Finally, Canaccord Genuity Group decreased their price objective on BRP from C$88.00 to C$80.00 in a report on Wednesday, November 27th.

BRP Price Performance

Shares of BRP stock opened at C$73.76 on Monday. The firm has a market capitalization of C$2.54 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The business’s 50-day moving average price is C$70.66 and its 200-day moving average price is C$81.57. The company has a current ratio of 1.32, a quick ratio of 0.20 and a debt-to-equity ratio of 545.75. BRP has a 12 month low of C$65.32 and a 12 month high of C$102.46.

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.