BRP (TSE:DOO) Price Target Cut to C$60.00 by Analysts at Canaccord Genuity Group

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

Several other analysts have also issued reports on DOO. Stifel Nicolaus cut their target price on shares of BRP from C$82.00 to C$78.00 and set a "hold" rating for the company in a research report on Monday, December 9th. Canaccord Genuity Group decreased their target price on BRP from C$88.00 to C$80.00 in a report on Wednesday, November 27th. National Bankshares cut their price target on BRP from C$84.00 to C$72.00 and set a "sector perform" rating for the company in a report on Tuesday, February 25th. Raymond James lowered their price objective on BRP from C$100.00 to C$98.00 in a research report on Monday, December 9th. Finally, TD Securities reduced their target price on shares of BRP from C$83.00 to C$70.00 and set a "hold" rating for the company 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 assigned a buy rating to the company. Based on data from MarketBeat, BRP currently has an average rating of "Hold" and a consensus price target of C$81.85.

BRP Stock Performance

Shares of DOO stock traded up C$1.75 on Friday, reaching C$54.53. The stock had a trading volume of 197,183 shares, compared to its average volume of 170,775. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37. BRP has a 1 year low of C$52.00 and a 1 year high of C$102.46. The stock has a market cap of C$4.01 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The company has a 50 day simple moving average of C$63.44 and a 200 day simple moving average of C$71.11.

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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.