BRP Inc (DOO) Price Target Increased to C$34.00 by Analysts at Royal Bank of Canada

BRP Inc (TSE:DOO) had its price target boosted by research analysts at Royal Bank of Canada from C$33.00 to C$34.00 in a research note issued to investors on Monday, StockTargetPrices.com reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 19.97% from the company’s previous close.

Several other equities research analysts have also weighed in on DOO. Desjardins reaffirmed a “buy” rating and issued a C$33.00 target price on shares of BRP in a research report on Monday, December 12th. Northcoast Research reaffirmed a “buy” rating on shares of BRP in a research report on Friday, March 17th. BMO Capital Markets increased their target price on BRP from C$30.00 to C$34.00 in a research report on Monday, December 12th. Scotiabank increased their target price on BRP from C$29.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Monday, December 12th. Finally, Canaccord Genuity increased their target price on BRP from C$31.00 to C$33.00 in a research report on Monday, December 12th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of C$32.14.

Analyst Recommendations for BRP (TSE:DOO)

Shares of BRP (TSE:DOO) traded down 0.74% during trading on Monday, hitting $28.13. 59,837 shares of the stock were exchanged. The firm has a 50 day moving average of $26.74 and a 200-day moving average of $26.17. The company has a market cap of $3.14 billion and a price-to-earnings ratio of 12.39. BRP has a 12-month low of $18.27 and a 12-month high of $29.08.

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About BRP

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.

Stock Target Prices

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