BRP (TSE:DOO) Given New C$65.00 Price Target at TD Securities

BRP (TSE:DOO) had its price target decreased by TD Securities from C$70.00 to C$65.00 in a research note published on Thursday,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Several other equities research analysts also recently commented on DOO. Scotiabank cut their price objective on BRP from C$91.00 to C$86.00 and set a “sector perform” rating for the company in a report on Monday, December 9th. Canaccord Genuity Group cut their price target on shares of BRP from C$88.00 to C$80.00 in a research note on Wednesday, November 27th. National Bankshares lowered their price objective on shares of 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. Stifel Nicolaus cut their target price 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. Finally, CIBC reduced their price target on BRP from C$92.00 to C$82.00 and set a “neutral” rating for the company in a report on Monday, December 9th. One equities research 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 data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$73.69.

BRP Stock Performance

DOO opened at C$50.82 on Thursday. The business’s 50-day simple moving average is C$61.57 and its 200 day simple moving average is C$69.91. BRP has a 52-week low of C$50.67 and a 52-week high of C$102.46. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37. The firm has a market capitalization of C$3.74 billion, a PE ratio of 19.15, a PEG ratio of 2.05 and a beta of 2.28.

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.