Citigroup Lowers BRP (TSE:DOO) Price Target to C$39.00

BRP (TSE:DOO) had its price objective trimmed by Citigroup from C$41.00 to C$39.00 in a research report report published on Friday,BayStreet.CA reports.

DOO has been the topic of several other research reports. National Bankshares lowered their target price on shares of BRP from C$84.00 to C$72.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 25th. BMO Capital Markets decreased their price objective on shares of BRP from C$100.00 to C$70.00 in a research note on Thursday. Raymond James cut their target price on shares of BRP from C$98.00 to C$65.00 in a research note on Thursday. Scotiabank decreased their price target on BRP from C$91.00 to C$86.00 and set a “sector perform” rating on the stock in a research report on Monday, December 9th. Finally, Stifel Nicolaus cut their price objective on BRP from C$78.00 to C$58.00 and set a “buy” rating for the company in a research report on Thursday. 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. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$71.23.

BRP Price Performance

BRP stock opened at C$48.65 on Friday. The business has a 50 day simple moving average of C$61.04 and a 200 day simple moving average of C$69.51. BRP has a one year low of C$47.16 and a one year high of C$102.46. The company has a market capitalization of C$3.58 billion, a PE ratio of 18.34, a price-to-earnings-growth 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.

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.