BRP (TSE:DOO) Given New C$60.00 Price Target at Canaccord Genuity Group

BRP (TSE:DOO - Free Report) had its price objective trimmed by Canaccord Genuity Group from C$80.00 to C$60.00 in a research report report published on Friday,BayStreet.CA reports.

DOO has been the topic of a number of other research reports. Stifel Nicolaus decreased 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 note on Monday, December 9th. TD Securities lowered their target price on shares of BRP from C$83.00 to C$70.00 and set a "hold" rating on the stock in a research note on Tuesday, March 11th. Scotiabank cut their price target on BRP from C$91.00 to C$86.00 and set a "sector perform" rating for the company in a research note on Monday, December 9th. CIBC lowered their price objective on BRP from C$92.00 to C$82.00 and set a "neutral" rating on the stock in a research report on Monday, December 9th. Finally, Raymond James cut their target price on BRP from C$100.00 to C$98.00 in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of C$81.85.

BRP Stock Performance

Shares of TSE:DOO traded down C$1.96 during midday trading on Friday, hitting C$52.57. The company had a trading volume of 67,595 shares, compared to its average volume of 168,837. BRP has a 12-month low of C$52.00 and a 12-month high of C$102.46. The company has a fifty day moving average of C$63.04 and a two-hundred day moving average of C$70.82. The company has a market cap of C$3.87 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 2.05 and a beta of 2.28. The company has a debt-to-equity ratio of 573.79, a current ratio of 1.37 and a quick ratio of 0.20.

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.