Citigroup Boosts BRP (TSE:DOO) Price Target to C$110.00

BRP (TSE:DOO) had its price objective upped by Citigroup from C$106.00 to C$110.00 in a research note issued to investors on Tuesday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target points to a potential upside of 27.40% from the stock’s current price.

A number of other analysts have also issued reports on the stock. Royal Bank Of Canada boosted their target price on shares of BRP from C$107.00 to C$113.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. TD raised shares of BRP from a “hold” rating to a “buy” rating and raised their price target for the stock from C$92.00 to C$106.00 in a research note on Wednesday, August 19th. TD Securities upgraded shares of BRP from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 18th. Desjardins raised their target price on shares of BRP from C$97.00 to C$103.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Finally, Stifel Nicolaus downgraded shares of BRP from a “buy” rating to a “hold” rating and decreased their price target for the company from C$92.00 to C$85.00 in a research note on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$103.93.

BRP Trading Down 7.2%

Shares of TSE DOO traded down C$6.72 during midday trading on Tuesday, hitting C$86.34. The company’s stock had a trading volume of 287,212 shares, compared to its average volume of 293,001. The company has a current ratio of 1.19, a quick ratio of 0.20 and a debt-to-equity ratio of 912.53. The business’s 50 day moving average is C$87.22 and its two-hundred day moving average is C$87.44. BRP has a 12-month low of C$67.11 and a 12-month high of C$112.26. The firm has a market cap of C$6.14 billion, a P/E ratio of 57.18, a price-to-earnings-growth ratio of 2.05 and a beta of 0.68.

BRP (TSE:DOO) last posted its quarterly earnings data on Thursday, September 3rd. The company reported C($0.18) earnings per share (EPS) for the quarter. The business had revenue of C$2.24 billion for the quarter. BRP had a net margin of 1.21% and a return on equity of 20.51%. As a group, equities research analysts expect that BRP will post 6.890971 EPS for the current year.

About BRP

BRP Inc is a global leader in the world of powersports products and powertrains, built on over 80 years of ingenuity, innovation, and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on- and off-road vehicles, Quintrex boats as well as Rotax engines for karts, recreational aircraft and jet boats, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds.