BRP (TSE:DOO) Price Target Lowered to C$65.00 at Raymond James

BRP (TSE:DOO) had its price target cut by Raymond James from C$98.00 to C$65.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports.

Other analysts have also recently issued research reports about the company. DA Davidson reduced their price target on BRP from C$96.00 to C$88.00 in a research report on Tuesday, December 10th. Canaccord Genuity Group decreased their target price on BRP from C$88.00 to C$80.00 in a research report on Wednesday, November 27th. National Bankshares dropped their price target on shares of BRP from C$84.00 to C$72.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 25th. Canaccord Genuity Group decreased their price objective on shares of BRP from C$80.00 to C$60.00 in a report on Friday, March 21st. Finally, Citigroup downgraded shares of BRP from a “neutral” rating to a “sell” rating and dropped their target price for the stock from C$70.00 to C$41.00 in a report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$73.69.

BRP Stock Down 6.8 %

BRP stock opened at C$50.82 on Thursday. The company has a market capitalization of C$3.74 billion, a P/E ratio of 19.15, a P/E/G ratio of 2.05 and a beta of 2.28. BRP has a 1-year low of C$50.67 and a 1-year high of C$102.46. The firm’s fifty day simple moving average is C$61.57 and its 200-day simple moving average is C$69.91. The company has a current ratio of 1.37, a quick ratio of 0.20 and a debt-to-equity ratio of 573.79.

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.