BRP (TSE:DOO) Rating Lowered to Sell at Citigroup

BRP (TSE:DOO) was downgraded by equities researchers at Citigroup from a “neutral” rating to a “sell” rating in a report released on Thursday, Marketbeat reports. They currently have a C$41.00 price target on the stock, down from their prior price target of C$70.00. Citigroup’s price objective suggests a potential downside of 22.32% from the company’s current price.

DOO has been the subject of several other research reports. CIBC decreased 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 report on Monday, December 9th. Canaccord Genuity Group decreased their target price on shares of BRP from C$88.00 to C$80.00 in a research report on Wednesday, November 27th. DA Davidson reduced their price target on shares of BRP from C$96.00 to C$88.00 in a research note on Tuesday, December 10th. Raymond James reduced their price target on shares of BRP from C$100.00 to C$98.00 in a research note on Monday, December 9th. Finally, National Bankshares reduced 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$81.85.

BRP Price Performance

TSE DOO opened at C$52.78 on Thursday. BRP has a 52 week low of C$52.00 and a 52 week high of C$102.46. 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 stock has a market cap of C$3.88 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The company has a 50-day moving average price of C$63.44 and a two-hundred day moving average price of C$71.45.

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.