BRP (TSE:DOO) Price Target Cut to C$58.00 by Analysts at Stifel Nicolaus

BRP (TSE:DOO) had its target price trimmed by Stifel Nicolaus from C$78.00 to C$58.00 in a report published on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the company. DA Davidson reduced their target price on BRP from C$96.00 to C$88.00 in a report on Tuesday, December 10th. Citigroup cut BRP from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from C$70.00 to C$41.00 in a research note on Thursday, March 20th. CIBC lowered their target price 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. National Bankshares dropped their price objective on shares of BRP from C$84.00 to C$72.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 25th. Finally, Canaccord Genuity Group decreased their target price on BRP from C$80.00 to C$60.00 in a research note on Friday, March 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$73.69.

BRP Price Performance

DOO opened at C$50.82 on Thursday. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37. BRP has a 1-year low of C$50.67 and a 1-year high of C$102.46. The company has a 50-day moving average of C$61.57 and a 200-day moving average of C$69.91. The company has a market capitalization of C$3.74 billion, a P/E ratio of 19.15, a PEG ratio of 2.05 and a beta of 2.28.

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.