National Bankshares Has Lowered Expectations for BRP (TSE:DOO) Stock Price

BRP (TSE:DOO - Get Free Report) had its price target dropped by equities research analysts at National Bankshares from C$84.00 to C$72.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. National Bankshares' target price would indicate a potential upside of 25.50% from the company's previous close.

Other equities research analysts have also issued research reports about the company. Canaccord Genuity Group dropped their price objective on BRP from C$88.00 to C$80.00 in a research note on Wednesday, November 27th. Raymond James dropped their price target on BRP from C$100.00 to C$98.00 in a research report on Monday, December 9th. Citigroup cut shares of BRP from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from C$90.00 to C$70.00 in a research report on Monday, February 3rd. Stifel Nicolaus lowered 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. Finally, CIBC cut their price target on shares of BRP from C$92.00 to C$82.00 and set a "neutral" rating for the company in a research note on Monday, December 9th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of C$87.17.

BRP Price Performance

TSE DOO traded up C$0.96 on Tuesday, hitting C$57.37. The stock had a trading volume of 160,949 shares, compared to its average volume of 169,902. The firm has a 50-day moving average of C$69.00 and a 200-day moving average of C$75.59. 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 52-week low of C$55.98 and a 52-week high of C$102.46. The company has a market capitalization of C$4.22 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth 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.