BRP (TSE:DOO) Price Target Cut to C$70.00 by Analysts at BMO Capital Markets

BRP (TSE:DOO) had its price target trimmed by BMO Capital Markets from C$100.00 to C$70.00 in a research note released on Thursday,BayStreet.CA reports.

Other equities analysts have also recently issued reports about the company. 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. Canaccord Genuity Group lowered their price target on BRP from C$88.00 to C$80.00 in a report on Wednesday, November 27th. DA Davidson reduced their price objective on BRP from C$96.00 to C$88.00 in a report on Tuesday, December 10th. Raymond James lowered their target price on shares of BRP from C$98.00 to C$65.00 in a research note on Thursday. Finally, National Bankshares reduced their price target on shares of BRP from C$84.00 to C$72.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$73.69.

BRP Stock Down 6.8 %

Shares of BRP stock opened at C$50.82 on Thursday. The company has a 50-day simple moving average of C$61.57 and a two-hundred day simple moving average of 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 stock has a market capitalization of C$3.74 billion, a PE ratio of 19.15, a price-to-earnings-growth 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.