BRP (TSE:DOO) Price Target Raised to C$73.00 at Citigroup

BRP (TSE:DOO) had its price target boosted by Citigroup from C$71.00 to C$73.00 in a note issued to investors on Wednesday, BayStreet.CA reports. Citigroup‘s price objective points to a potential upside of 14.62% from the stock’s previous close.

DOO has been the subject of a number of other reports. Northcoast Research restated a “buy” rating on shares of BRP in a research note on Friday, October 11th. National Bank Financial lifted their price target on shares of BRP from C$71.00 to C$73.00 and gave the stock an “outperform” rating in a research note on Thursday, November 28th. TD Securities boosted their price target on shares of BRP from C$70.00 to C$74.00 and gave the company a “buy” rating in a report on Thursday, November 28th. CIBC increased their price objective on shares of BRP from C$56.00 to C$64.00 in a research note on Thursday, October 31st. Finally, Desjardins lifted their target price on shares of BRP from C$65.00 to C$66.00 and gave the company a “buy” rating in a research report on Friday, August 30th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. BRP currently has a consensus rating of “Buy” and a consensus price target of C$67.29.

Shares of DOO stock traded up C$0.40 during mid-day trading on Wednesday, reaching C$63.69. The stock had a trading volume of 148,520 shares, compared to its average volume of 299,007. BRP has a one year low of C$32.36 and a one year high of C$67.00. The firm has a market cap of $5.61 billion and a PE ratio of 18.19. The firm’s 50 day simple moving average is C$59.88 and its 200 day simple moving average is C$49.26.

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.

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Analyst Recommendations for BRP (TSE:DOO)

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