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

BRP (TSE:DOO) had its price objective dropped by research analysts at Stifel Nicolaus from C$82.00 to C$78.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 5.11% from the stock’s previous close.

DOO has been the topic of a number of other research reports. CIBC cut shares of BRP from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from C$100.00 to C$92.00 in a research note on Monday, September 9th. Cibc World Mkts lowered shares of BRP from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th. Desjardins lowered BRP from a “moderate buy” rating to a “hold” rating in a research note on Sunday, September 8th. Citigroup lowered their price target on BRP from C$110.00 to C$101.00 in a research report on Monday, September 9th. Finally, National Bankshares cut their price objective on BRP from C$93.00 to C$84.00 in a research report on Thursday, November 21st. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, BRP currently has a consensus rating of “Hold” and an average price target of C$89.83.

BRP Stock Performance

Shares of DOO stock opened at C$74.21 on Monday. The stock has a market cap of C$2.56 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. BRP has a 52-week low of C$65.32 and a 52-week high of C$102.46. The business has a 50-day simple moving average of C$72.19 and a 200-day simple moving average of C$83.79. The company has a quick ratio of 0.20, a current ratio of 1.32 and a debt-to-equity ratio of 545.75.

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.