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

BRP (TSE:DOO) had its price target reduced by analysts 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 would indicate a potential upside of 24.56% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Citigroup cut BRP from a “neutral” rating to a “sell” rating and decreased their price target for the company from C$70.00 to C$41.00 in a research note on Thursday, March 20th. National Bankshares dropped their price objective on BRP from C$84.00 to C$72.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 25th. Canaccord Genuity Group cut their price objective on shares of BRP from C$88.00 to C$80.00 in a report on Wednesday, November 27th. Raymond James decreased their target price on BRP from C$98.00 to C$65.00 in a research report on Thursday. Finally, Stifel Nicolaus reduced their price objective on shares of BRP from C$78.00 to C$58.00 and set a “buy” rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$73.69.

BRP Trading Down 5.8 %

Shares of TSE:DOO traded down C$3.17 during mid-day trading on Thursday, reaching C$51.38. 104,196 shares of the company’s stock were exchanged, compared to its average volume of 174,780. The firm has a market capitalization of C$3.78 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 2.05 and a beta of 2.28. BRP has a twelve month low of C$50.77 and a twelve month high of C$102.46. The business’s fifty day moving average price is C$62.10 and its 200-day moving average price is C$70.21. 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 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.