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

BRP (TSE:DOO) had its price target decreased by stock analysts at TD Securities from C$70.00 to C$65.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price would suggest a potential upside of 26.51% from the stock’s current price.

A number of other equities analysts have also commented on the stock. National Bankshares cut their price target on shares of 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. Scotiabank dropped their price objective on shares of BRP from C$91.00 to C$86.00 and set a “sector perform” rating on the stock in a report on Monday, December 9th. Raymond James decreased their target price on shares of BRP from C$98.00 to C$65.00 in a research report on Thursday. Stifel Nicolaus dropped their price objective 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 objective on shares of BRP from C$88.00 to C$80.00 in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$73.69.

BRP Price Performance

Shares of TSE DOO traded down C$3.17 during mid-day trading on Thursday, reaching C$51.38. The company had a trading volume of 104,196 shares, compared to its average volume of 174,780. The business’s 50-day simple moving average is C$62.10 and its 200 day simple moving average is C$70.21. BRP has a one year low of C$50.77 and a one year high of C$102.46. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37. The firm has a market cap of C$3.78 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 2.05 and a beta of 2.28.

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.