Citigroup Has Lowered Expectations for BRP (TSE:DOO) Stock Price

BRP (TSE:DOO) had its price target dropped by equities research analysts at Citigroup from C$41.00 to C$39.00 in a report issued on Friday,BayStreet.CA reports. Citigroup’s price target suggests a potential downside of 19.84% from the company’s current price.

Several other equities research analysts have also issued reports on the stock. National Bankshares reduced their target price on shares of 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. Raymond James reduced their price objective on shares of BRP from C$98.00 to C$65.00 in a research note on Thursday. Stifel Nicolaus lowered 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 note on Thursday. Scotiabank cut their price target on BRP from C$91.00 to C$86.00 and set a “sector perform” rating for the company in a research note on Monday, December 9th. Finally, TD Securities lowered their price objective on BRP from C$70.00 to C$65.00 and set a “hold” rating on the stock in a research report on Thursday. One 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. According to data from MarketBeat.com, BRP currently has an average rating of “Hold” and an average price target of C$71.23.

BRP Stock Performance

TSE:DOO opened at C$48.65 on Friday. The stock has a 50-day simple moving average of C$61.04 and a two-hundred day simple moving average of C$69.51. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37. BRP has a 52-week low of C$47.16 and a 52-week high of C$102.46. The firm has a market capitalization of C$3.58 billion, a PE ratio of 18.34, a P/E/G ratio of 2.05 and a beta of 2.28.

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.