Scotiabank Increases BRP Inc (DOO) Target Price to C$33.00

Scotiabank Increases BRP Inc (DOO) Target Price to C$33.00

BRP Inc (TSE:DOO) had its target price hoisted by analysts at Scotiabank from C$32.00 to C$33.00 in a research note issued to investors on Tuesday. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 5.43% from the stock’s previous close.

Several other equities analysts have also weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and set a C$33.00 price objective on shares of BRP in a report on Monday, March 20th. Desjardins increased their price objective on BRP from C$33.00 to C$35.00 and gave the company a “buy” rating in a report on Monday, March 27th. Canaccord Genuity increased their price objective on BRP from C$31.00 to C$33.00 in a report on Monday, December 12th. CIBC increased their price objective on BRP from C$33.00 to C$34.00 in a report on Monday, March 27th. Finally, BMO Capital Markets reissued an “outperform” rating and set a C$38.00 price objective on shares of BRP in a report on Monday, March 27th. Six equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of C$33.57.

Shares of BRP (TSE:DOO) traded down 1.73% during trading on Tuesday, hitting $31.30. The stock had a trading volume of 338,325 shares. BRP has a 1-year low of $18.27 and a 1-year high of $32.54. The firm’s 50 day moving average is $27.40 and its 200 day moving average is $26.37. The company has a market cap of $3.50 billion and a PE ratio of 13.79.

BRP Company Profile

BRP Inc is engaged in the design, development, manufacturing, distribution and marketing of power sports vehicles and propulsion systems. The Company manufactures and sells Year-Round Products consisting of all-terrain vehicles (ATVs), side-by-side vehicles (SSVs) and roadsters; Seasonal Products consisting of snowmobiles and personal watercrafts (PWCs), and Propulsion Products consisting of engines for outboard and jet boats, karts, motorcycles and recreational aircraft.

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