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

Citigroup downgraded shares of BRP (TSE:DOO) from a neutral rating to a sell rating in a report published on Thursday morning,BayStreet.CA reports. Citigroup currently has C$41.00 target price on the stock, down from their prior target price of C$70.00.

Other analysts also recently issued reports about the company. CIBC reduced their target price on 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. TD Securities reduced their target price on BRP from C$83.00 to C$70.00 and set a “hold” rating for the company in a research note on Tuesday, March 11th. DA Davidson cut their price target on BRP from C$96.00 to C$88.00 in a research note on Tuesday, December 10th. Raymond James lowered their price target on shares of BRP from C$100.00 to C$98.00 in a report on Monday, December 9th. Finally, Canaccord Genuity Group lowered their price target on shares of BRP from C$88.00 to C$80.00 in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, BRP has an average rating of “Hold” and a consensus target price of C$83.67.

BRP Stock Performance

Shares of BRP stock opened at C$53.20 on Thursday. 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 business has a 50-day moving average price of C$63.86 and a two-hundred day moving average price of C$71.72. BRP has a 1-year low of C$52.51 and a 1-year high of C$102.46. The company has a market cap of C$3.91 billion, a P/E ratio of 20.05, a PEG ratio of 2.05 and a beta of 2.28.

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.