BRP (TSE:DOO) Price Target Lowered to C$60.00 at Canaccord Genuity Group

BRP (TSE:DOO) had its price objective reduced by Canaccord Genuity Group from C$80.00 to C$60.00 in a research report sent to investors on Friday,BayStreet.CA reports.

A number of other brokerages also recently weighed in on DOO. Canaccord Genuity Group lowered their target price on BRP from C$88.00 to C$80.00 in a report on Wednesday, November 27th. Citigroup lowered shares of BRP from a “neutral” rating to a “sell” rating and lowered their price objective for the company from C$70.00 to C$41.00 in a research note on Thursday. Scotiabank dropped their target price on shares of BRP from C$91.00 to C$86.00 and set a “sector perform” rating on the stock in a research report on Monday, December 9th. TD Securities reduced their price target on shares of BRP from C$83.00 to C$70.00 and set a “hold” rating for the company in a report on Tuesday, March 11th. Finally, Raymond James dropped their price objective on shares of BRP from C$100.00 to C$98.00 in a report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$81.85.

BRP Stock Performance

Shares of BRP stock opened at C$52.78 on Friday. The business has a 50-day moving average price of C$63.44 and a two-hundred day moving average price of C$71.45. BRP has a 1-year low of C$52.00 and a 1-year high of C$102.46. 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 company has a market cap of C$3.88 billion, a P/E ratio of 19.89, 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.