Brokerages Set BRP Inc. (TSE:DOO) Target Price at C$89.83

Shares of BRP Inc. (TSE:DOO) have been given a consensus recommendation of “Hold” by the twelve analysts that are presently covering the company, MarketBeat reports. Nine equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$89.83.

Several research analysts recently commented on the stock. Raymond James cut their price target on shares of BRP from C$100.00 to C$98.00 in a report on Monday, December 9th. Stifel Nicolaus cut their target price on shares of BRP from C$82.00 to C$78.00 and set a “hold” rating on the stock in a research note on Monday, December 9th. DA Davidson decreased their price target on shares of BRP from C$96.00 to C$88.00 in a research report on Tuesday, December 10th. Canaccord Genuity Group lowered their price target on BRP from C$88.00 to C$80.00 in a report on Wednesday, November 27th. Finally, National Bankshares reduced their price objective on BRP from C$93.00 to C$84.00 in a research note on Thursday, November 21st.

BRP Stock Performance

BRP stock opened at C$75.80 on Friday. The company has a market cap of C$2.61 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. BRP has a 12 month low of C$65.32 and a 12 month high of C$102.46. The company has a debt-to-equity ratio of 545.75, a current ratio of 1.32 and a quick ratio of 0.20. The stock’s 50-day moving average is C$72.59 and its 200-day moving average is C$80.46.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.