BRP (TSE:DOO) Raised to “Outperform” at National Bankshares

BRP (TSE:DOO) was upgraded by investment analysts at National Bankshares from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a C$125.00 price objective on the stock, up from their prior price objective of C$105.00. National Bankshares’ target price would suggest a potential upside of 18.05% from the company’s current price.

Several other brokerages also recently weighed in on DOO. Citigroup increased their price target on BRP from C$102.00 to C$122.00 and gave the stock a “buy” rating in a research report on Friday. BMO Capital Markets upped their target price on BRP from C$105.00 to C$115.00 and gave the stock an “outperform” rating in a research note on Friday. Cibc World Mkts raised BRP from a “hold” rating to a “strong-buy” rating in a report on Monday, September 1st. Stifel Nicolaus lifted their price target on BRP from C$106.00 to C$120.00 and gave the company a “buy” rating in a research report on Friday. Finally, Scotiabank upped their price objective on BRP from C$102.00 to C$117.00 and gave the stock a “sector perform” rating in a research report on Friday. Four research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, BRP presently has an average rating of “Buy” and an average price target of C$109.08.

BRP Stock Performance

TSE DOO traded up C$0.86 on Friday, hitting C$105.89. 231,880 shares of the company’s stock traded hands, compared to its average volume of 187,128. The firm’s 50-day moving average price is C$91.79 and its two-hundred day moving average price is C$78.71. The firm has a market capitalization of C$7.74 billion, a PE ratio of -211.78, 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. BRP has a 1-year low of C$43.88 and a 1-year 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.