Brokerages Set BRP Inc. (TSE:DOO) Price Target at C$89.83

BRP Inc. (TSE:DOO) has been assigned an average rating of “Hold” from the twelve brokerages that are currently covering the company, MarketBeat.com reports. Nine analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$89.83.

A number of brokerages have recently commented on DOO. Cibc World Mkts downgraded BRP from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th. BMO Capital Markets cut their price objective on shares of BRP from C$115.00 to C$100.00 in a report on Monday, September 9th. Raymond James lowered their target price on shares of BRP from C$100.00 to C$98.00 in a report on Monday, December 9th. Royal Bank of Canada cut their price target on shares of BRP from C$108.00 to C$99.00 in a research note on Monday, September 9th. Finally, CIBC lowered their price objective on shares of BRP from C$92.00 to C$82.00 and set a “neutral” rating for the company in a research note on Monday, December 9th.

BRP Stock Performance

Shares of DOO opened at C$73.21 on Monday. BRP has a 1 year low of C$65.32 and a 1 year high of C$102.46. The company’s 50 day simple moving average is C$70.56 and its 200 day simple moving average is C$81.79. The company has a market capitalization of C$2.52 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 2.05 and a beta of 2.28. The company has a debt-to-equity ratio of 545.75, a quick ratio of 0.20 and a current ratio of 1.32.

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.