BRP Inc (DOO) Price Target Increased to C$30.00 by Analysts at Canaccord Genuity
BRP Inc (TSE:DOO) had its price objective raised by equities research analysts at Canaccord Genuity from C$27.50 to C$30.00 in a research report issued to clients and investors on Monday. Canaccord Genuity’s target price would indicate a potential upside of 19.81% from the company’s current price.
Other equities research analysts have also issued research reports about the company. Royal Bank Of Canada lowered their price objective on BRP from C$29.00 to C$28.00 in a report on Friday, September 2nd. Desjardins lifted their price objective on BRP from C$28.00 to C$29.00 and gave the company a “buy” rating in a report on Friday, June 10th. BMO Capital Markets set a C$30.00 price objective on BRP and gave the company a “market perform” rating in a report on Monday. RBC Capital Markets lifted their price objective on BRP from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Friday, September 2nd. Finally, Scotiabank reaffirmed an “outperform” rating and issued a C$28.00 price objective on shares of BRP in a report on Thursday, August 18th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of C$29.25.
BRP (TSE:DOO) traded down 0.67% during midday trading on Monday, hitting $25.04. The stock had a trading volume of 129,409 shares. The firm has a market cap of $2.85 billion and a P/E ratio of 37.15. BRP has a 12-month low of $13.87 and a 12-month high of $27.60. The stock has a 50-day moving average price of $23.08 and a 200 day moving average price of $20.45.
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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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