BRP (TSE:DOO) Price Target Lowered to C$70.00 at BMO Capital Markets

BRP (TSE:DOO) had its price target decreased by BMO Capital Markets from C$100.00 to C$70.00 in a research report report published on Thursday,BayStreet.CA reports.

A number of other research firms have also recently commented on DOO. Citigroup cut BRP from a “neutral” rating to a “sell” rating and decreased their price target for the company from C$70.00 to C$41.00 in a report on Thursday, March 20th. National Bankshares lowered their price target on BRP from C$84.00 to C$72.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 25th. TD Securities cut their price objective on shares of BRP from C$70.00 to C$65.00 and set a “hold” rating for the company in a report on Thursday. DA Davidson reduced their price objective on shares of BRP from C$96.00 to C$88.00 in a research report on Tuesday, December 10th. Finally, Canaccord Genuity Group dropped their target price on shares of BRP from C$88.00 to C$80.00 in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BRP has an average rating of “Hold” and an average target price of C$73.69.

BRP Stock Performance

Shares of TSE DOO opened at C$50.82 on Thursday. The stock has a market cap of C$3.74 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. BRP has a 1 year low of C$50.67 and a 1 year high of C$102.46. The firm has a fifty day moving average price of C$61.57 and a 200-day moving average price of C$69.91. The company has a debt-to-equity ratio of 573.79, a current ratio of 1.37 and a quick ratio of 0.20.

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.