Citigroup Cuts BRP (TSE:DOO) Price Target to C$39.00

BRP (TSE:DOO - Get Free Report) had its price objective lowered by investment analysts at Citigroup from C$41.00 to C$39.00 in a note issued to investors on Friday,BayStreet.CA reports. Citigroup's target price suggests a potential downside of 23.80% from the company's current price.

A number of other equities research analysts have also weighed in on DOO. Scotiabank dropped their price target on 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. Raymond James reduced their price target on shares of BRP from C$98.00 to C$65.00 in a research report on Thursday, March 27th. DA Davidson dropped their target price on BRP from C$96.00 to C$88.00 in a report on Tuesday, December 10th. National Bankshares cut their price objective on shares of 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. Finally, Stifel Nicolaus dropped their target price on BRP from C$78.00 to C$58.00 and set a "buy" rating on the stock in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of C$71.23.

BRP Stock Up 5.3 %

BRP stock traded up C$2.59 during trading hours on Friday, reaching C$51.18. The stock had a trading volume of 202,246 shares, compared to its average volume of 177,158. BRP has a 52 week low of C$47.16 and a 52 week high of C$102.46. The business's 50 day moving average price is C$60.48 and its 200-day moving average price is C$69.36. 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 company has a market cap of C$3.76 billion, a price-to-earnings ratio of 19.29, 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.