BRP (TSE:DOO) Price Target Cut to C$64.00 by Analysts at CIBC

BRP (TSE:DOO) had its target price decreased by CIBC from C$82.00 to C$64.00 in a report released on Thursday,BayStreet.CA reports. CIBC’s price target would indicate a potential upside of 24.56% from the company’s previous close.

A number of other research firms have also recently issued reports on DOO. Canaccord Genuity Group lowered their target price on BRP from C$80.00 to C$60.00 in a research note on Friday, March 21st. TD Securities lowered their target price on BRP from C$70.00 to C$65.00 and set a “hold” rating for the company in a report on Thursday. Scotiabank reduced their price objective on BRP from C$91.00 to C$86.00 and set a “sector perform” rating for the company in a research report on Monday, December 9th. DA Davidson lowered their price objective on shares of BRP from C$96.00 to C$88.00 in a report on Tuesday, December 10th. Finally, National Bankshares decreased their price objective on shares of BRP from C$84.00 to C$72.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$73.69.

BRP Trading Down 5.8 %

Shares of DOO traded down C$3.17 during trading hours on Thursday, hitting C$51.38. 104,196 shares of the stock traded hands, compared to its average volume of 174,780. The business has a fifty day moving average of C$62.10 and a 200-day moving average of C$70.21. 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 market capitalization of C$3.78 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. BRP has a 1-year low of C$50.77 and a 1-year high of C$102.46.

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.