BRP (TSE:DOO) Price Target Cut to C$64.00 by Analysts at CIBC

BRP (TSE:DOO) had its price objective lowered by equities researchers at CIBC from C$82.00 to C$64.00 in a research note issued to investors on Thursday,BayStreet.CA reports. CIBC’s target price indicates a potential upside of 31.55% from the company’s previous close.

Several other equities research analysts have also issued reports on DOO. TD Securities lowered their price target on shares of BRP from C$70.00 to C$65.00 and set a “hold” rating on the stock in a report on Thursday. Canaccord Genuity Group dropped their price target on shares of BRP from C$88.00 to C$80.00 in a research report on Wednesday, November 27th. Stifel Nicolaus decreased their price objective on BRP from C$78.00 to C$58.00 and set a “buy” rating on the stock in a report on Thursday. National Bankshares dropped their target price on BRP from C$84.00 to C$72.00 and set a “sector perform” rating for the company in a report on Tuesday, February 25th. Finally, Raymond James decreased their price target on BRP from C$98.00 to C$65.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$71.23.

BRP Price Performance

Shares of TSE:DOO opened at C$48.65 on Thursday. The firm has a market capitalization of C$3.58 billion, a PE ratio of 18.34, a PEG ratio of 2.05 and a beta of 2.28. The company has a current ratio of 1.37, a quick ratio of 0.20 and a debt-to-equity ratio of 573.79. BRP has a 1-year low of C$47.16 and a 1-year high of C$102.46. The business’s 50 day moving average is C$61.04 and its 200-day moving average is C$69.62.

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.