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

BRP Inc. (TSE:DOO) has earned an average recommendation of “Hold” from the twelve research firms that are currently covering the company, Marketbeat.com reports. Nine analysts have rated the stock with a hold recommendation and three have given a buy recommendation to 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.

Several research analysts have recently weighed in on the stock. CIBC decreased their price objective on shares of BRP from C$92.00 to C$82.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Canaccord Genuity Group decreased their price objective on shares of BRP from C$88.00 to C$80.00 in a report on Wednesday, November 27th. Raymond James decreased their price objective on shares of BRP from C$100.00 to C$98.00 in a report on Monday, December 9th. TD Securities boosted their price objective on shares of BRP from C$81.00 to C$83.00 and gave the company a “hold” rating in a report on Monday, December 9th. Finally, National Bankshares decreased their price objective on shares of BRP from C$93.00 to C$84.00 in a report on Thursday, November 21st.

BRP Trading Up 2.8 %

Shares of TSE DOO opened at C$73.04 on Friday. The firm’s 50 day moving average price is C$72.93 and its 200-day moving average price is C$80.21. The company has a market cap of C$2.52 billion, a PE ratio of 22.13, a P/E/G ratio of 2.05 and a beta of 2.28. BRP has a 52-week low of C$65.32 and a 52-week high of C$102.46. The company has a debt-to-equity ratio of 545.75, a quick ratio of 0.20 and a current ratio of 1.32.

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.