BRP Inc. SV (TSX: DOO), the Consumer Goods sector company, was revisited by a Wall Street analyst today. Canaccord Genuity’s analyst Derek Dley reiterates their Buy rating on the shares, with a C$60 price target.
Dley said:
“We are reiterating our BUY recommendation and increasing our target price to C$60.00 (from C$57.00) ahead of the company’s Q1/F19 financial results.”
Dley has an average return of 51.4% when recommending BRP Inc. SV.
According to TipRanks.com, Dley is ranked #420 out of 4799 analysts.
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BRP Inc. SV has an analyst consensus of Strong Buy, with a price target consensus of C$55.67.
Based on BRP Inc. SV’s latest earnings release for the quarter ending January 31, the company reported a quarterly net profit of C$115 million. In comparison, last year the company had a GAAP net loss of C$18.7 million.
BRP, Inc. is a holding company which engages in designing, developing, manufacturing, distributing and marketing of powersports vehicles and propulsion systems. It offers snowmobiles, watercrafts, off-road vehicles, and outboard engines. It distributes under the following brands: Ski-Doo, Lynx, Sea-Doo, Evinrude, Rotax, Can-Am, and Can-Am Spyder.
The company’s shares closed on Wednesday at C$55.45, close to its 52-week high of C$55.70.
