Shares of BRP Inc (TSE:DOO) have been assigned a consensus rating of “Buy” from the eleven research firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$58.70.
DOO has been the subject of several recent analyst reports. Goldman Sachs Group reaffirmed a “neutral” rating and set a C$47.00 price objective on shares of BRP in a report on Wednesday, April 24th. TD Securities raised their price objective on shares of BRP from C$46.00 to C$47.00 and gave the stock a “hold” rating in a report on Friday, May 31st. National Bank Financial raised their price objective on shares of BRP from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a report on Monday, June 3rd. Citigroup raised their price objective on shares of BRP from C$49.00 to C$54.00 in a report on Wednesday, July 24th. Finally, CIBC raised their price objective on shares of BRP from C$50.00 to C$52.00 in a report on Friday, May 31st.
Shares of TSE DOO traded up C$0.14 during mid-day trading on Friday, hitting C$40.19. 87,864 shares of the stock were exchanged, compared to its average volume of 304,252. The company has a market cap of $3.82 billion and a P/E ratio of 16.63. The stock’s fifty day simple moving average is C$45.91 and its two-hundred day simple moving average is C$41.39. BRP has a twelve month low of C$32.36 and a twelve month high of C$74.67.
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.
Read More: What does a hold rating mean?
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