BRP Inc. (TSE:DOO) Given Consensus Recommendation of “Hold” by Brokerages

BRP Inc. (TSE:DOO) has been assigned an average recommendation of “Hold” from the twelve research firms that are covering the firm, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$89.83.

A number of analysts recently weighed in on the company. Cibc World Mkts downgraded BRP from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th. CIBC lowered their price target on shares of BRP from C$92.00 to C$82.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. Canaccord Genuity Group reduced their price objective on shares of BRP from C$88.00 to C$80.00 in a research note on Wednesday, November 27th. Stifel Nicolaus lowered their target price on shares of BRP from C$82.00 to C$78.00 and set a “hold” rating on the stock in a research report on Monday, December 9th. Finally, Desjardins downgraded shares of BRP from a “moderate buy” rating to a “hold” rating in a research report on Sunday, September 8th.

BRP Stock Performance

TSE:DOO opened at C$72.56 on Monday. The firm has a market cap of C$2.50 billion, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The company has a debt-to-equity ratio of 545.75, a current ratio of 1.32 and a quick ratio of 0.20. BRP has a 1-year low of C$65.32 and a 1-year high of C$102.46. The firm’s fifty day moving average price is C$70.57 and its 200 day moving average price is C$82.04.

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.