Analysts have been quite happy with BRP Inc. SV (DOO) stock lately, as after National Bank and Canaccord Genuity rated the stock a Buy this past month, there is another positive note, this time from CIBC. CIBC’s analyst Mark Petrie reiterates their Buy rating on the shares, with a C$63 price target.
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.
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The word on The Street in general, suggests a Strong Buy analyst consensus rating for BRP Inc. SV with a C$69.71 average price target, implying a 47.8% upside from current levels. In a report issued on November 27, National Bank also maintained a Buy rating on the stock with a C$63 price target.
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BRP Inc. SV’s market cap is currently C$4.6B and has a P/E ratio of 19.8. The company has a Price to Book ratio of -10.19.
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.
The company’s shares closed on Monday at C$47.17.
