BRP (TSE:DOO) Price Target Cut to C$58.00 by Analysts at Stifel Nicolaus

BRP (TSE:DOO) had its price objective cut by Stifel Nicolaus from C$78.00 to C$58.00 in a report issued on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other analysts also recently commented on DOO. DA Davidson decreased their price objective on shares of BRP from C$96.00 to C$88.00 in a research report on Tuesday, December 10th. Canaccord Genuity Group cut their price objective on shares of BRP from C$80.00 to C$60.00 in a report on Friday, March 21st. Canaccord Genuity Group lowered their target price on shares of BRP from C$88.00 to C$80.00 in a report on Wednesday, November 27th. Citigroup cut shares of BRP from a “neutral” rating to a “sell” rating and cut their target price for the company from C$70.00 to C$41.00 in a research note on Thursday, March 20th. Finally, National Bankshares decreased 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 research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$71.23.

BRP Price Performance

Shares of BRP stock opened at C$48.65 on Thursday. The stock’s fifty day moving average is C$61.04 and its 200 day moving average is C$69.51. 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 stock has a market cap of C$3.58 billion, a P/E ratio of 18.34, a P/E/G 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.