BRP (TSE:DOO) Downgraded by Citigroup to Neutral

BRP (TSE:DOO - Get Free Report) was downgraded by Citigroup from a "buy" rating to a "neutral" rating in a research report issued to clients and investors on Monday, MarketBeat reports. They presently have a C$70.00 target price on the stock, down from their prior target price of C$90.00. Citigroup's price target indicates a potential upside of 12.31% from the company's previous close.

A number of other equities analysts also recently commented on DOO. DA Davidson decreased their price target on BRP from C$96.00 to C$88.00 in a research note on Tuesday, December 10th. Raymond James lowered their price target on BRP from C$100.00 to C$98.00 in a report on Monday, December 9th. TD Securities raised their price objective on BRP from C$81.00 to C$83.00 and gave the stock a "hold" rating in a research note on Monday, December 9th. Scotiabank decreased their price objective on shares of BRP from C$91.00 to C$86.00 and set a "sector perform" rating for the company in a report on Monday, December 9th. Finally, Canaccord Genuity Group dropped their target price on shares of BRP from C$88.00 to C$80.00 in a report 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 company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of C$88.17.

BRP Stock Down 4.3 %

Shares of TSE DOO traded down C$2.78 during trading on Monday, reaching C$62.33. 235,498 shares of the stock were exchanged, compared to its average volume of 186,813. The company has a market capitalization of C$2.15 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The business's 50-day moving average price is C$72.80 and its 200 day moving average price is C$79.54. The company has a quick ratio of 0.20, a current ratio of 1.32 and a debt-to-equity ratio of 545.75. BRP has a twelve month low of C$60.26 and a twelve month high of C$102.46.

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.