BRP, CA05577W2004

Scotiabank cuts BRP stock target to CAD 87.00, 12.40 percent above price

Published on 10/17/2026 at 21:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BRP revenue reached CAD 2.24 billion in the second quarter, up 19.00 percent year over year. BRP stock stood at CAD 77.40 on October 16, 2026, down 2.37 percent on the TSX.

Analyst view and operating scale

Scotiabank lowered its BRP target from CAD 92.00 to CAD 87.00 on October 15, 2026.
BRP reported CAD 2.24 billion in second-quarter revenue, up 19.00 percent year over year.
BRP stock was last at CAD 77.40 on the TSX on October 16, 2026, down 2.37 percent versus the prior close of October 15, 2026.
BRP had a P/E ratio of 51.95 and a market capitalization of CAD 5.5 billion as of October 16, 2026.

BRP, CA05577W2004, Illustration mit AI erstellt.

Scotiabank lowered its price target for BRP from CAD 92.00 to CAD 87.00 on October 15, 2026, leaving the stock 12.40 percent below that target at the latest TSX price. The target change was reported by Markets Insider. BRP stock was last at CAD 77.40 on October 16, 2026, down 2.37 percent versus the prior close of October 15, 2026.

Revenue grows as profit turns negative

The operating picture remains split. BRP generated CAD 2.24 billion in revenue in the second quarter ended July 31, 2026, an increase of 19.00 percent from the year-earlier quarter. Simply Wall St reported that the quarter also produced a net loss of CAD 136.6 million and earnings per share of minus CAD 1.88.

Price sits below the yearly high

The TSX price stood 31.05 percent below BRP's 52-week high of CAD 112.26 and 15.33 percent above its 52-week low of CAD 67.11 as of October 16, 2026. Trading volume was 226,099 shares, compared with an average volume of 286,280 shares. The latest price therefore sits nearer the lower end of the yearly range than its upper boundary.

Valuation and shareholder return

BRP had a market capitalization of CAD 5.5 billion, a P/E ratio of 51.95 and a dividend yield of 0.01 percent as of October 16, 2026. Those figures put the analyst target in a wider valuation discussion, but the second-quarter loss makes the earnings multiple harder to read on its own. The company operates in the recreational vehicle industry, with powersports and marine products sold under brands including Ski-Doo, Sea-Doo and Can-Am.

Comparison with peers

BRP (TSX, CAD): minus 2.37 percent, P/E 51.95, market capitalization CAD 5.5 billion
Polaris (NYSE, USD): minus 2.51 percent, P/E minus 11.31, market capitalization USD 3.0 billion
YETI Holdings (NYSE, USD): plus 2.50 percent, P/E 18.81, market capitalization USD 3.1 billion

The dated market view

BRP's latest TSX quotation was CAD 77.40 on October 16, 2026. The stock's next major valuation marker is Scotiabank's CAD 87.00 target, which stands 12.40 percent above that price.