Stifel Nicolaus Issues Positive Forecast for BRP (TSE:DOO) Stock Price

BRP (TSE:DOO) had its price objective lifted by research analysts at Stifel Nicolaus from C$106.00 to C$120.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 12.96% from the company’s current price.

A number of other research analysts have also recently weighed in on the stock. Royal Bank Of Canada lifted their price objective on shares of BRP from C$100.00 to C$107.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Loop Capital upgraded shares of BRP to a “strong-buy” rating in a research note on Thursday, November 13th. Natl Bk Canada upgraded BRP from a “hold” rating to a “strong-buy” rating in a research note on Thursday. TD Securities boosted their target price on BRP from C$87.00 to C$107.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. Finally, CIBC increased their price target on BRP from C$100.00 to C$115.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Four analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, BRP currently has an average rating of “Buy” and a consensus price target of C$109.08.

BRP Trading Up 1.1%

DOO traded up C$1.20 during mid-day trading on Friday, hitting C$106.23. 241,045 shares of the stock were exchanged, compared to its average volume of 187,142. The firm’s fifty day moving average is C$91.79 and its two-hundred day moving average is C$78.71. BRP has a 1-year low of C$43.88 and a 1-year high of C$108.90. The company has a market cap of C$7.77 billion, a PE ratio of -212.46, a PEG ratio of 2.05 and a beta of 1.07. The company has a current ratio of 1.37, a quick ratio of 0.20 and a debt-to-equity ratio of 573.79.

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.