BRP (TSE:DOO) Stock Rating Lowered by Citigroup

BRP (TSE:DOO - Get Free Report) was downgraded by analysts at Citigroup from a "neutral" rating to a "sell" rating in a report issued on Thursday, Marketbeat reports. They currently have a C$41.00 target price on the stock, down from their prior target price of C$70.00. Citigroup's price objective points to a potential downside of 25.63% from the stock's current price.

A number of other equities research analysts have also recently issued reports on DOO. Scotiabank lowered 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 report on Monday, December 9th. National Bankshares dropped their price objective on BRP from C$84.00 to C$72.00 and set a "sector perform" rating on the stock in a report on Tuesday, February 25th. Stifel Nicolaus cut their target price on BRP from C$82.00 to C$78.00 and set a "hold" rating for the company in a research note on Monday, December 9th. DA Davidson decreased their price target on BRP from C$96.00 to C$88.00 in a research report on Tuesday, December 10th. Finally, TD Securities lowered their price target 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. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of C$81.85.

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BRP Stock Performance

TSE DOO traded up C$2.35 during trading on Thursday, hitting C$55.13. 91,664 shares of the company's stock traded hands, compared to its average volume of 168,883. The business has a 50 day moving average of C$63.44 and a 200-day moving average of C$71.11. 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 quick ratio of 0.20 and a current ratio of 1.37. The stock has a market capitalization of C$4.05 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 2.05 and a beta of 2.28.

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.