Stifel Nicolaus Issues Pessimistic Forecast for BRP (TSE:DOO) Stock Price

BRP (TSE:DOO) had its price target decreased by equities research analysts at Stifel Nicolaus from C$78.00 to C$58.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 19.22% from the stock’s current price.

A number of other brokerages have also weighed in on DOO. Canaccord Genuity Group decreased their target price on shares of BRP from C$80.00 to C$60.00 in a research note on Friday, March 21st. TD Securities reduced their price objective 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. National Bankshares dropped their target price on BRP from C$84.00 to C$72.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 25th. Scotiabank reduced their price target on shares of BRP from C$91.00 to C$86.00 and set a “sector perform” rating for the company in a research report on Monday, December 9th. 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, eight have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, BRP presently has a consensus rating of “Hold” and an average target price of C$71.23.

BRP Price Performance

Shares of TSE:DOO opened at C$48.65 on Thursday. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37. The firm has a market cap of C$3.58 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The business has a 50-day simple moving average of C$61.04 and a two-hundred day simple moving average of C$69.62. BRP has a fifty-two week low of C$47.16 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.