Scotiabank Cuts BRP (TSE:DOO) Price Target to C$86.00

BRP (TSE:DOO) had its price objective decreased by Scotiabank from C$91.00 to C$86.00 in a report published on Monday morning,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

DOO has been the subject of a number of other reports. Canaccord Genuity Group cut their price objective on BRP from C$88.00 to C$80.00 in a research report on Wednesday, November 27th. DA Davidson lowered their target price on shares of BRP from C$105.00 to C$96.00 and set a “buy” rating for the company in a research note on Tuesday, September 10th. National Bankshares reduced their price target on shares of BRP from C$93.00 to C$84.00 in a research note on Thursday, November 21st. Royal Bank of Canada lowered their price objective on shares of BRP from C$108.00 to C$99.00 in a research report on Monday, September 9th. Finally, Stifel Nicolaus cut their target price on BRP from C$82.00 to C$78.00 and set a “hold” rating on the stock in a research report on Monday. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, BRP has an average rating of “Hold” and an average price target of C$89.83.

BRP Trading Up 0.7 %

Shares of BRP stock opened at C$74.72 on Monday. The stock has a 50 day moving average of C$72.10 and a 200 day moving average of C$83.64. The company has a debt-to-equity ratio of 545.75, a quick ratio of 0.20 and a current ratio of 1.32. The firm has a market capitalization of C$2.58 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 2.05 and a beta of 2.28. BRP has a fifty-two week low of C$65.32 and a fifty-two week high of C$102.46.

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.