BRP (TSE:DOO) Lowered to “Neutral” Rating by Citigroup

Citigroup cut shares of BRP (TSE:DOO) from a buy rating to a neutral rating in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has C$70.00 price target on the stock, down from their prior price target of C$90.00.

A number of other equities research analysts have also issued reports on DOO. National Bankshares reduced their target price on shares of BRP from C$93.00 to C$84.00 in a report on Thursday, November 21st. CIBC reduced their target price on shares of BRP from C$92.00 to C$82.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. Raymond James reduced their price objective on shares of BRP from C$100.00 to C$98.00 in a report on Monday, December 9th. DA Davidson reduced their price objective on shares of BRP from C$96.00 to C$88.00 in a report on Tuesday, December 10th. Finally, TD Securities raised their price objective on shares of BRP from C$81.00 to C$83.00 and gave the company a “hold” rating in a report on Monday, December 9th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$88.17.

BRP Price Performance

BRP stock opened at C$64.04 on Monday. The firm has a market cap of C$2.21 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. BRP has a 52-week low of C$60.26 and a 52-week high of C$102.46. The company has a quick ratio of 0.20, a current ratio of 1.32 and a debt-to-equity ratio of 545.75. The company’s 50 day moving average is C$73.08 and its two-hundred day moving average is C$79.93.

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.