BRP (TSE:DOO) Rating Lowered to Sell at Citigroup

BRP (TSE:DOO) was downgraded by analysts at Citigroup from a “neutral” rating to a “sell” rating in a report released on Thursday, MarketBeat Ratings reports. They presently have a C$41.00 price target on the stock, down from their prior price target of C$70.00. Citigroup’s price objective would suggest a potential downside of 22.32% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. TD Securities cut their price objective on shares of BRP from C$83.00 to C$70.00 and set a “hold” rating on the stock in a report on Tuesday, March 11th. National Bankshares cut their target price 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. DA Davidson cut their target price on shares of BRP from C$96.00 to C$88.00 in a research note on Tuesday, December 10th. Scotiabank cut their target price on shares of 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 cut their target price on shares of BRP from C$88.00 to C$80.00 in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, BRP presently has a consensus rating of “Hold” and a consensus target price of C$81.85.

BRP Stock Performance

Shares of DOO stock opened at C$52.78 on Thursday. BRP has a 12 month low of C$52.00 and a 12 month high of C$102.46. The company has a debt-to-equity ratio of 573.79, a current ratio of 1.37 and a quick ratio of 0.20. The firm has a market capitalization of C$3.88 billion, a P/E ratio of 19.89, a P/E/G ratio of 2.05 and a beta of 2.28. The company’s fifty day moving average price is C$63.44 and its two-hundred day moving average price is C$71.45.

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.