BRP (TSE:DOO) Rating Increased to Strong-Buy at Natl Bk Canada

BRP (TSE:DOO) was upgraded by analysts at Natl Bk Canada from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

A number of other research analysts have also weighed in on DOO. BMO Capital Markets raised their price objective on shares of BRP from C$75.00 to C$105.00 in a research note on Tuesday, September 2nd. Royal Bank Of Canada upped their target price on shares of BRP from C$100.00 to C$107.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Cibc World Mkts raised shares of BRP from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 1st. Scotiabank lifted their price target on BRP from C$98.00 to C$102.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 14th. Finally, Citigroup raised BRP from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$93.00 to C$102.00 in a research note on Wednesday, October 1st. Four analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$97.33.

BRP Price Performance

Shares of DOO opened at C$105.03 on Thursday. BRP has a 12-month low of C$43.88 and a 12-month high of C$108.90. The business’s fifty day moving average is C$91.79 and its 200 day moving average is C$78.71. The company has a quick ratio of 0.20, a current ratio of 1.37 and a debt-to-equity ratio of 573.79. The stock has a market cap of C$7.68 billion, a P/E ratio of -210.06, a P/E/G ratio of 2.05 and a beta of 1.07.

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.