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BRP Inc (DOOO) Gets a Buy Rating from CIBC


According to The Fly, in a report released yesterday, Mark Petrie from CIBC reiterated a Buy rating on BRP Inc (DOOO). The company’s shares opened today at $36.07.

According to TipRanks.com, Petrie is a 5-star analyst with an average return of 14.0% and a 59.2% success rate. Petrie covers the Services sector, focusing on stocks such as Restaurant Brands International, Loblaw Companies Limited, and Dollarama Inc.

BRP Inc has an analyst consensus of Strong Buy, with a price target consensus of $55.50, which is a 53.9% upside from current levels. In a report issued on November 27, National Bank also maintained a Buy rating on the stock.

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BRP Inc’s market cap is currently $3.46B and has a P/E ratio of 18.69. The company has a Price to Book ratio of -10.

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BRP, Inc. is a holding company, which engages in the design, development, manufacture, distribution, and marketing of power sports vehicles and marine products. Its brands include Ski-Doo, Lynx, Sea-Doo, Evinrude, Rotax, Can-Am, and Alumacraft. The company was founded on May 1, 2003 and is headquartered in Valcourt, Canada.