Desjardins Increases BRP (TSE:DOO) Price Target to C$130.00

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

Other equities research analysts also recently issued research reports about the stock. CIBC upped their price target on shares of BRP from C$100.00 to C$115.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Royal Bank Of Canada upped their target price on shares of BRP from C$100.00 to C$107.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Scotiabank lifted their price target on BRP from C$98.00 to C$102.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 14th. BMO Capital Markets boosted their price objective on BRP from C$75.00 to C$105.00 in a research note on Tuesday, September 2nd. Finally, Citigroup raised BRP from a “hold” rating to a “buy” rating and raised their price objective for the company from C$93.00 to C$102.00 in a research note on Wednesday, October 1st. Four analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$109.08.

BRP Price Performance

Shares of 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 company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37. The company has a market cap of C$7.77 billion, a PE ratio of -212.46, a price-to-earnings-growth ratio of 2.05 and a beta of 1.07. BRP has a 52-week low of C$43.88 and a 52-week high of C$108.90. The firm has a 50-day moving average of C$91.79 and a two-hundred day moving average of C$78.71.

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.