Raymond James Cuts BRP (TSE:DOO) Price Target to C$65.00

BRP (TSE:DOO) had its price objective trimmed by Raymond James from C$98.00 to C$65.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

DOO has been the topic of several other reports. Stifel Nicolaus decreased their target price on shares of BRP from C$78.00 to C$58.00 and set a “buy” rating on the stock in a research report on Thursday. Scotiabank lowered their price objective on BRP from C$91.00 to C$86.00 and set a “sector perform” rating on the stock in a research note on Monday, December 9th. TD Securities cut their target price on BRP from C$83.00 to C$70.00 and set a “hold” rating for the company in a research report on Tuesday, March 11th. Canaccord Genuity Group decreased their price target on BRP from C$88.00 to C$80.00 in a research note on Wednesday, November 27th. Finally, CIBC dropped their price objective 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. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$73.69.

BRP Stock Down 6.8 %

DOO opened at C$50.82 on Thursday. The company has a market capitalization of C$3.74 billion, a P/E ratio of 19.15, a P/E/G ratio of 2.05 and a beta of 2.28. The company has a debt-to-equity ratio of 573.79, a current ratio of 1.37 and a quick ratio of 0.20. The firm’s fifty day moving average price is C$61.57 and its two-hundred day moving average price is C$69.91. BRP has a fifty-two week low of C$50.67 and a fifty-two week high of C$102.46.

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.