National Bankshares Has Lowered Expectations for BRP (TSE:DOO) Stock Price

BRP (TSE:DOO) had its price objective dropped by equities researchers at National Bankshares from C$84.00 to C$72.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ price target would suggest a potential upside of 24.20% from the company’s current price.

A number of other equities research analysts have also recently commented on DOO. DA Davidson lowered their target price on BRP from C$96.00 to C$88.00 in a research note on Tuesday, December 10th. CIBC lowered their target price on 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. Stifel Nicolaus lowered their target price on BRP from C$82.00 to C$78.00 and set a “hold” rating on the stock in a research note on Monday, December 9th. Scotiabank lowered their target price on BRP from C$91.00 to C$86.00 and set a “sector perform” rating on the stock in a research note on Monday, December 9th. Finally, Canaccord Genuity Group lowered their price objective on BRP from C$88.00 to C$80.00 in a research note on Wednesday, November 27th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of C$87.17.

BRP Stock Performance

Shares of DOO stock opened at C$57.97 on Tuesday. The company has a market cap of C$4.26 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. BRP has a 52 week low of C$57.30 and a 52 week high of C$102.46. The company has a quick ratio of 0.20, a current ratio of 1.37 and a debt-to-equity ratio of 573.79. The firm has a 50 day moving average of C$69.65 and a 200-day moving average of C$76.19.

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.