BRP (TSE:DOO) Price Target Lowered to C$88.00 at DA Davidson

BRP (TSE:DOO) had its target price reduced by DA Davidson from C$96.00 to C$88.00 in a research report released on Tuesday,BayStreet.CA reports.

Several other research firms also recently weighed in on DOO. Cibc World Mkts downgraded BRP from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th. National Bank Financial lowered BRP from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Canaccord Genuity Group cut their target price on BRP from C$88.00 to C$80.00 in a research note on Wednesday, November 27th. Raymond James cut their target price on BRP from C$100.00 to C$98.00 in a research note on Monday. Finally, Stifel Nicolaus cut their target price on BRP from C$82.00 to C$78.00 and set a “hold” rating on the stock in a research note on Monday. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$89.83.

BRP Stock Performance

DOO stock opened at C$74.21 on Tuesday. The company has a debt-to-equity ratio of 545.75, a current ratio of 1.32 and a quick ratio of 0.20. The business has a 50-day moving average price of C$72.19 and a 200 day moving average price of C$83.79. The company has a market capitalization of C$2.56 billion, a P/E ratio of 22.49, a PEG ratio of 2.05 and a beta of 2.28. BRP has a 1-year low of C$65.32 and a 1-year high of C$102.46.

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.