Brokerages Set BRP Inc (TSE:DOO) Target Price at C$64.88

Shares of BRP Inc (TSE:DOO) have earned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$46.20.

DOO has been the topic of several analyst reports. Northcoast Research cut shares of BRP from a “buy” rating to a “neutral” rating in a research report on Friday, February 21st. UBS Group boosted their price target on shares of BRP from C$60.00 to C$74.00 in a research report on Friday, November 29th. TD Securities cut shares of BRP from a “buy” rating to a “hold” rating and cut their price target for the stock from C$74.00 to C$30.00 in a research report on Monday. Citigroup boosted their price target on shares of BRP from C$71.00 to C$73.00 in a research report on Wednesday, December 4th. Finally, Canaccord Genuity cut their price target on shares of BRP from C$80.00 to C$40.00 in a research report on Monday.

TSE:DOO traded up C$3.27 on Monday, hitting C$26.28. 756,790 shares of the company’s stock were exchanged, compared to its average volume of 455,976. The firm has a 50-day moving average price of C$53.73 and a 200-day moving average price of C$57.44. BRP has a 52 week low of C$18.56 and a 52 week high of C$75.37. The company has a market cap of $1.83 billion and a P/E ratio of 7.50.

BRP (TSE:DOO) last issued its quarterly earnings results on Friday, March 20th. The company reported C$1.12 EPS for the quarter, topping the consensus estimate of C$1.06 by C$0.06. The business had revenue of C$1.62 billion for the quarter, compared to the consensus estimate of C$1.52 billion. Research analysts anticipate that BRP will post 4.3000004 earnings per share for the current year.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersport vehicles and marine products worldwide. It operates through two segments, Powersports and Marine. The company offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircraft.

Further Reading: 52- Week Highs

Analyst Recommendations for BRP (TSE:DOO)

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