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

BRP (TSE:DOO) had its price target increased by investment analysts at Desjardins from C$117.00 to C$130.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target would indicate a potential upside of 22.38% from the company’s current price.

A number of other equities research analysts also recently issued reports on DOO. TD Securities boosted their price objective on shares of BRP from C$87.00 to C$107.00 and gave the company a “buy” rating in a research report on Tuesday, September 2nd. BMO Capital Markets upped their price target on BRP from C$75.00 to C$105.00 in a research report on Tuesday, September 2nd. National Bankshares raised their price objective on BRP from C$101.00 to C$105.00 in a research note on Tuesday, November 18th. Canaccord Genuity Group boosted their price objective on BRP from C$116.00 to C$118.00 in a research note on Friday. Finally, Scotiabank increased their target price on shares of BRP from C$98.00 to C$102.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 14th. Four equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$109.08.

BRP Stock Performance

TSE DOO traded up C$1.20 during trading hours on Friday, hitting C$106.23. 241,045 shares of the company’s stock traded hands, compared to its average volume of 187,142. BRP has a 52 week low of C$43.88 and a 52 week high of C$108.90. The firm has a market capitalization of C$7.77 billion, a P/E ratio of -212.46, a P/E/G 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. The business’s fifty day moving average price is C$91.79 and its two-hundred day moving average price is C$78.71.

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.