BRP (TSE:DOO) Given New C$64.00 Price Target at CIBC

BRP (TSE:DOO) had its target price cut by CIBC from C$82.00 to C$64.00 in a report released on Thursday morning,BayStreet.CA reports.

A number of other equities analysts also recently issued reports on the stock. Citigroup downgraded shares of BRP from a “neutral” rating to a “sell” rating and cut their price objective for the stock from C$70.00 to C$41.00 in a report on Thursday, March 20th. Canaccord Genuity Group cut their price target on shares of BRP from C$80.00 to C$60.00 in a report on Friday, March 21st. Scotiabank reduced their price objective on shares of BRP from C$91.00 to C$86.00 and set a “sector perform” rating for the company in a research report on Monday, December 9th. Raymond James dropped their target price on shares of BRP from C$98.00 to C$65.00 in a research report on Thursday. Finally, Stifel Nicolaus cut their target price on BRP from C$78.00 to C$58.00 and set a “buy” rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$73.69.

BRP Stock Down 6.8 %

DOO stock opened at C$50.82 on Thursday. The firm has a market capitalization of C$3.74 billion, a PE ratio of 19.15, a P/E/G 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. BRP has a twelve month low of C$50.67 and a twelve month high of C$102.46. The stock’s 50 day moving average is C$61.57 and its 200-day moving average is C$69.91.

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.