Canaccord Genuity Group Forecasts Strong Price Appreciation for BRP (TSE:DOO) Stock

by · The Cerbat Gem

BRP (TSE:DOO – Get Free Report) had its price objective raised by stock analysts at Canaccord Genuity Group from C$116.00 to C$118.00 in a research note issued on Friday,BayStreet.CA reports. Canaccord Genuity Group’s price objective points to a potential upside of 11.08% from the company’s current price.

A number of other equities analysts have also weighed in on DOO. CIBC upped their target price on shares of BRP from C$100.00 to C$115.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. National Bankshares boosted their price target on BRP from C$101.00 to C$105.00 in a report on Tuesday, November 18th. Cibc World Mkts upgraded BRP from a “hold” rating to a “strong-buy” rating in a report on Monday, September 1st. Natl Bk Canada upgraded BRP from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Finally, Royal Bank Of Canada upped their price target on BRP from C$100.00 to C$107.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Four research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, BRP currently has a consensus rating of “Buy” and an average target price of C$109.08.

View Our Latest Report on DOO

BRP Stock Up 1.1%

DOO traded up C$1.20 during trading on Friday, reaching C$106.23. The company had a trading volume of 241,045 shares, compared to its average volume of 187,142. The company has a market cap of C$7.77 billion, a P/E ratio of -212.46, a PEG ratio of 2.05 and a beta of 1.07. BRP has a 12 month low of C$43.88 and a 12 month high of C$108.90. The company has a debt-to-equity ratio of 573.79, a current ratio of 1.37 and a quick ratio of 0.20. The business’s fifty day moving average price is C$91.79 and its 200 day moving average price is C$78.71.

BRP Company Profile

(Get Free Report)

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.

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