BRP (TSE:DOO) Lowered to “Sell” Rating by Citigroup

Citigroup cut shares of BRP (TSE:DOO) from a neutral rating to a sell rating in a research note published on Thursday morning,BayStreet.CA reports. Citigroup currently has C$41.00 target price on the stock, down from their prior target price of C$70.00.

Several other research analysts have also weighed in on the company. TD Securities reduced their target price on BRP from C$83.00 to C$70.00 and set a “hold” rating on the stock in a report on Tuesday, March 11th. Scotiabank reduced their target price on BRP from C$91.00 to C$86.00 and set a “sector perform” rating on the stock in a report on Monday, December 9th. CIBC reduced their target price on BRP from C$92.00 to C$82.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. Canaccord Genuity Group reduced their target price on BRP from C$88.00 to C$80.00 in a report on Wednesday, November 27th. Finally, Raymond James reduced their target price on BRP from C$100.00 to C$98.00 in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, BRP currently has a consensus rating of “Hold” and a consensus target price of C$83.67.

BRP Stock Down 4.1 %

Shares of DOO opened at C$53.20 on Thursday. The firm has a market capitalization of C$3.91 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 2.05 and a beta of 2.28. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37. The business’s fifty day moving average price is C$63.86 and its two-hundred day moving average price is C$71.72. BRP has a 52 week low of C$52.51 and a 52 week high of C$102.46.

About BRP

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.