BRP (TSE:DOO) Price Target Lowered to C$65.00 at TD Securities

BRP (TSE:DOO) had its price objective cut by TD Securities from C$70.00 to C$65.00 in a research note released on Thursday,BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other brokerages have also recently commented on DOO. CIBC decreased their price target on BRP from C$92.00 to C$82.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Stifel Nicolaus decreased their target price on shares of BRP from C$78.00 to C$58.00 and set a “buy” rating on the stock in a report on Thursday. Citigroup downgraded shares of BRP from a “neutral” rating to a “sell” rating and cut their price target for the stock from C$70.00 to C$41.00 in a report on Thursday, March 20th. National Bankshares reduced their price target on shares of BRP from C$84.00 to C$72.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 25th. Finally, Canaccord Genuity Group lowered their price objective on shares of BRP from C$80.00 to C$60.00 in a research report on Friday, March 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$73.69.

BRP Price Performance

BRP stock opened at C$50.82 on Thursday. The firm has a market cap of C$3.74 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The company has a debt-to-equity ratio of 573.79, a current ratio of 1.37 and a quick ratio of 0.20. The stock’s fifty day moving average price is C$61.57 and its two-hundred day moving average price is C$69.91. BRP has a one year low of C$50.67 and a one year 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.