BRP (TSE:DOO) Given New C$58.00 Price Target at Stifel Nicolaus

BRP (TSE:DOO) had its price target lowered by Stifel Nicolaus from C$78.00 to C$58.00 in a report published on Thursday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the stock. Canaccord Genuity Group dropped their price objective on shares of BRP from C$80.00 to C$60.00 in a research note on Friday, March 21st. CIBC dropped their price target on shares of BRP from C$92.00 to C$82.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. TD Securities decreased their price target on shares of BRP from C$83.00 to C$70.00 and set a “hold” rating on the stock in a report on Tuesday, March 11th. Citigroup cut shares of BRP from a “neutral” rating to a “sell” rating and lowered their price objective for the company from C$70.00 to C$41.00 in a research note on Thursday, March 20th. Finally, Canaccord Genuity Group cut their target price on BRP from C$88.00 to C$80.00 in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$73.69.

BRP Stock Performance

BRP stock opened at C$50.82 on Thursday. The stock has a fifty day moving average price of C$61.57 and a 200 day moving average price of C$69.91. BRP has a 52 week low of C$50.67 and a 52 week high of C$102.46. The firm has a market capitalization of C$3.74 billion, a P/E ratio of 19.15, a PEG ratio of 2.05 and a beta of 2.28. The company has a current ratio of 1.37, a quick ratio of 0.20 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.