CIBC Lowers BRP (TSE:DOO) Price Target to C$82.00

BRP (TSE:DOO) had its price target dropped by investment analysts at CIBC from C$92.00 to C$82.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s price target suggests a potential upside of 10.50% from the stock’s current price.

Several other analysts also recently commented on the stock. Citigroup decreased their target price on shares of BRP from C$110.00 to C$101.00 in a research report on Monday, September 9th. Scotiabank downgraded shares of BRP from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$103.00 to C$91.00 in a research report on Monday, September 9th. Royal Bank of Canada reduced their price target on BRP from C$108.00 to C$99.00 in a research report on Monday, September 9th. Cibc World Mkts downgraded BRP from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th. Finally, DA Davidson cut their price objective on BRP from C$105.00 to C$96.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$89.83.

BRP Trading Down 2.1 %

Shares of TSE DOO opened at C$74.21 on Monday. The business has a 50 day simple moving average of C$72.19 and a 200 day simple moving average of C$83.79. BRP has a 52 week low of C$65.32 and a 52 week high of C$102.46. The stock has a market cap of C$2.56 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 2.05 and a beta of 2.28. The company has a debt-to-equity ratio of 545.75, a quick ratio of 0.20 and a current ratio of 1.32.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.