BRP (TSE:DOO) Stock Price Expected to Rise, TD Securities Analyst Says

BRP (TSE:DOO) had its price objective raised by research analysts at TD Securities from C$106.00 to C$119.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 12.38% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Cibc World Mkts raised shares of BRP from a “hold” rating to a “strong-buy” rating in a report on Monday, September 1st. National Bankshares upped their target price on shares of BRP from C$101.00 to C$105.00 in a research report on Tuesday, November 18th. Scotiabank increased their target price 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. Canaccord Genuity Group raised their price target on BRP from C$116.00 to C$118.00 in a research report on Friday. Finally, BMO Capital Markets upped their price objective on BRP from C$105.00 to C$115.00 and gave the stock an “outperform” rating in a report on Friday. Four equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$109.08.

BRP Price Performance

Shares of DOO stock traded up C$0.86 during trading on Friday, hitting C$105.89. The company had a trading volume of 231,880 shares, compared to its average volume of 187,128. The stock’s 50-day moving average is C$91.79 and its two-hundred day moving average is C$78.71. The stock has a market capitalization of C$7.74 billion, a price-to-earnings 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 52 week low of C$43.88 and a 52 week high of C$108.90.

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.