CIBC Believes BRP Inc. SV (TSX: DOO) Still Has Room to Grow

By Austin Angelo

BRP Inc. SV (TSX: DOO), the Consumer Goods sector company, has received a rating update from a Wall Street analyst on December 3. Analyst Mark Petrie from CIBC remains bullish on the stock and has a C$54 price target.

Petrie has an average return of 23.1% when recommending BRP Inc. SV.

According to TipRanks.com, Petrie is ranked #395 out of 4729 analysts.

Currently, the analyst consensus on BRP Inc. SV is Strong Buy and the average price target is C$52.63, representing a 9.8% upside.

In a report issued on December 1, Scotiabank also maintained a Buy rating on the stock with a C$46 price target.

BRP Inc. SV’s market cap is currently C$4.94B and has a P/E ratio of 17.5.

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$47.95, close to its 52-week high of C$50.