TD Securities Cuts BRP (TSE:DOO) Price Target to C$65.00

BRP (TSE:DOO - Get Free Report) had its price target reduced by investment analysts at TD Securities from C$70.00 to C$65.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has a "hold" rating on the stock. TD Securities' price target would suggest a potential upside of 33.77% from the stock's previous close.

Several other equities research analysts have also recently commented on the stock. DA Davidson cut their price objective on shares of BRP from C$96.00 to C$88.00 in a research report on Tuesday, December 10th. National Bankshares cut their price target on BRP from C$84.00 to C$72.00 and set a "sector perform" rating on the stock in a report on Tuesday, February 25th. Canaccord Genuity Group decreased their price objective on BRP from C$88.00 to C$80.00 in a report on Wednesday, November 27th. Stifel Nicolaus cut their target price on BRP from C$78.00 to C$58.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Canaccord Genuity Group decreased their price target on shares of BRP from C$80.00 to C$60.00 in a research note on Friday, March 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, BRP presently has a consensus rating of "Hold" and a consensus target price of C$71.23.

BRP Stock Down 0.1 %

TSE DOO traded down C$0.06 during trading hours on Thursday, reaching C$48.59. 177,460 shares of the company's stock were exchanged, compared to its average volume of 176,753. 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 one year low of C$47.16 and a one year high of C$102.46. The company's 50-day moving average is C$61.04 and its two-hundred day moving average is C$69.51. The company has a market capitalization of C$3.57 billion, a price-to-earnings ratio of 18.31, 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.