CIBC Issues Pessimistic Forecast for BRP (TSE:DOO) Stock Price

BRP (TSE:DOO) had its price target trimmed by CIBC from C$92.00 to C$82.00 in a research report released on Monday,BayStreet.CA reports. The brokerage currently has a neutral rating on the stock.

DOO has been the topic of a number of other reports. Cibc World Mkts downgraded shares of BRP from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th. National Bank Financial cut BRP from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Desjardins lowered BRP from a “moderate buy” rating to a “hold” rating in a research report on Sunday, September 8th. Scotiabank downgraded BRP from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$103.00 to C$91.00 in a research report on Monday, September 9th. Finally, TD Securities raised their price target on BRP from C$81.00 to C$83.00 and gave the company a “hold” rating in a research note on Monday. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$89.83.

BRP Trading Up 0.7 %

TSE DOO opened at C$74.72 on Monday. The stock has a market cap of C$2.58 billion, a PE ratio of 22.64, a PEG ratio of 2.05 and a beta of 2.28. BRP has a 12 month low of C$65.32 and a 12 month high of C$102.46. The company’s 50-day moving average price is C$72.10 and its 200-day moving average price is C$83.64. The company has a current ratio of 1.32, a quick ratio of 0.20 and a debt-to-equity ratio of 545.75.

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.