BRP Inc. (NASDAQ:DOOO) shares have more than 16.24 percent upside potential from the existing levels. This is based on the revised price target of UBS Group at $ 63.00 on the stock. Incidentally, the brokerage raised its price objective by $ 14 from its earlier level of $ 49.00. However, UBS Group has maintained its Buy rating on the stock, Benzinga reported.
Shares of BRP Inc. traded up $ 2.41 or 4.45 percent on Tuesday, reaching $ 56.61 with volume of 80.40 thousand shares. The stock opened positive for the day at $ 54.41, after closing the previous day trading at $ 54.20. According to the previous trading day, closing price of $ 54.20, representing a 317.89 % increase from the 52 week low of $ 12.97 and a 5.36 % decrease over the 52 week high of $ 57.27.
With respect to the key metrics, BRP Inc. stock has advanced $ 21.10 or 59.00 percent, reaching $ 35.51 during the simple moving average (SMA) period of 200 days. Similarly, the stock has increased $ 10.28 or 22.00 percent, before arriving at $ 46.33 during the SMA50-day period.
BRP Inc., together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersport vehicles and marine products worldwide. It operates through two segments, Powersports and Marine. The company offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircraft.
