Canaccord Genuity Group Issues Pessimistic Forecast for BRP (TSE:DOO) Stock Price

BRP (TSE:DOO) had its price objective reduced by investment analysts at Canaccord Genuity Group from C$80.00 to C$60.00 in a research note issued on Friday,BayStreet.CA reports. Canaccord Genuity Group’s price target suggests a potential upside of 13.68% from the stock’s previous close.

Several other research analysts have also issued reports on the stock. CIBC decreased their price target on shares of BRP from C$92.00 to C$82.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. DA Davidson decreased their price target on shares of BRP from C$96.00 to C$88.00 in a research note on Tuesday, December 10th. National Bankshares decreased their price target on shares of BRP from C$84.00 to C$72.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 25th. Raymond James decreased their price target on shares of BRP from C$100.00 to C$98.00 in a research note on Monday, December 9th. Finally, TD Securities decreased their price target on shares of BRP from C$83.00 to C$70.00 and set a “hold” rating for the company in a research note on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of C$81.85.

BRP Trading Down 0.8 %

TSE:DOO opened at C$52.78 on Friday. BRP has a 12 month low of C$52.00 and a 12 month high of C$102.46. The stock has a market cap of C$3.88 billion, a price-to-earnings ratio of 19.89, a P/E/G ratio of 2.05 and a beta of 2.28. The company has a current ratio of 1.37, a quick ratio of 0.20 and a debt-to-equity ratio of 573.79. The company has a 50-day moving average price of C$63.44 and a 200-day moving average price of C$71.28.

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.