Published On: Tue, Sep 13th, 2016

CIBC Increases BRP Inc (DOO) Price Target to C$31.00

BRP Inc (TSE:DOO) had its price target raised by research analysts at CIBC from C$28.00 to C$31.00 in a report released on Monday. CIBC’s target price points to a potential upside of 23.80% from the stock’s current price.
Several other equities analysts have also recently issued reports on the company. Canaccord Genuity boosted their price objective on BRP from C$27.50 to C$30.00 in a report on Monday. 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. Royal Bank Of Canada boosted their price objective on BRP from C$28.00 to C$30.00 and gave the company an “outperform” rating in a report on Monday. RBC Capital Markets upped their price target on BRP from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a report on Friday, September 2nd. Finally, Scotiabank reaffirmed an “outperform” rating and issued a C$28.00 price target on shares of BRP in a report on Thursday, August 18th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. BRP currently has a consensus rating of “Buy” and a consensus price target 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. BRP has a 12-month low of $13.87 and a 12-month high of $27.60. The company has a market cap of $2.85 billion and a PE ratio of 37.15. The firm has a 50-day moving average of $23.08 and a 200-day moving average of $20.45.

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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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