Stifel Nicolaus Cuts BRP (TSE:DOO) Price Target to C$58.00

BRP (TSE:DOO - Get Free Report) had its price objective cut by investment analysts at Stifel Nicolaus from C$78.00 to C$58.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' target price points to a potential upside of 19.37% from the company's previous close.

DOO has been the topic of several other reports. DA Davidson dropped their price objective on BRP from C$96.00 to C$88.00 in a research note on Tuesday, December 10th. Citigroup cut shares of BRP from a "neutral" rating to a "sell" rating and cut their price target for the stock from C$70.00 to C$41.00 in a report on Thursday, March 20th. Raymond James decreased their price objective on shares of BRP from C$100.00 to C$98.00 in a research note on Monday, December 9th. Canaccord Genuity Group cut their target price on BRP from C$88.00 to C$80.00 in a research note on Wednesday, November 27th. Finally, Scotiabank reduced their target price on BRP from C$91.00 to C$86.00 and set a "sector perform" rating for the company in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, BRP currently has a consensus rating of "Hold" and a consensus price target of C$71.23.

BRP Stock Down 0.1 %

Shares of DOO traded down C$0.06 on Thursday, reaching C$48.59. The company's stock had a trading volume of 177,460 shares, compared to its average volume of 176,753. BRP has a twelve month low of C$47.16 and a twelve month high of C$102.46. The stock has a market capitalization of C$3.57 billion, a PE ratio of 18.31, a PEG ratio of 2.05 and a beta of 2.28. The company has a current ratio of 1.37, a quick ratio of 0.20 and a debt-to-equity ratio of 573.79. The firm has a fifty day moving average of C$61.04 and a 200-day moving average of C$69.51.

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.