Canaccord Genuity Group Lowers BRP (TSE:DOO) Price Target to C$60.00

BRP (TSE:DOO) had its target price lowered by equities researchers at Canaccord Genuity Group from C$80.00 to C$60.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Canaccord Genuity Group’s target price would indicate a potential upside of 13.68% from the company’s previous close.

A number of other equities analysts also recently weighed in on DOO. DA Davidson cut their target price on BRP from C$96.00 to C$88.00 in a research note on Tuesday, December 10th. Citigroup cut shares of BRP from a “neutral” rating to a “sell” rating and lowered their target price for the company from C$70.00 to C$41.00 in a report on Thursday. CIBC decreased their price target 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. Stifel Nicolaus decreased their price target on shares of BRP from C$82.00 to C$78.00 and set a “hold” rating on the stock in a report on Monday, December 9th. Finally, National Bankshares reduced their target price 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. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$81.85.

BRP Price Performance

Shares of TSE DOO opened at C$52.78 on Friday. BRP has a twelve month low of C$52.00 and a twelve month high of C$102.46. The stock’s 50 day moving average price is C$63.44 and its 200-day moving average price is C$71.28. The company has a market capitalization of C$3.88 billion, a PE ratio of 19.89, a PEG ratio of 2.05 and a beta of 2.28. The company has a quick ratio of 0.20, a current ratio of 1.37 and a debt-to-equity ratio of 573.79.

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.