TD Securities Cuts BRP (TSE:DOO) Price Target to C$70.00

BRP (TSE:DOO) had its price target cut by TD Securities from C$83.00 to C$70.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports. They currently have a hold rating on the stock.

Several other equities analysts have also recently weighed in on the company. CIBC lowered their target price on BRP from C$92.00 to C$82.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. Raymond James decreased their price target on shares of BRP from C$100.00 to C$98.00 in a report on Monday, December 9th. National Bankshares dropped their price objective 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. DA Davidson decreased their target price on shares of BRP from C$96.00 to C$88.00 in a research note on Tuesday, December 10th. Finally, Stifel Nicolaus lowered their price target on shares of BRP from C$82.00 to C$78.00 and set a “hold” rating on the stock in a report on Monday, December 9th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$86.08.

BRP Stock Performance

Shares of BRP stock opened at C$55.17 on Tuesday. BRP has a 12 month low of C$53.02 and a 12 month high of C$102.46. The company has a quick ratio of 0.20, a current ratio of 1.37 and a debt-to-equity ratio of 573.79. The stock has a market cap of C$4.06 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The business has a fifty day simple moving average of C$65.77 and a 200-day simple moving average of C$73.06.

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.