BRP (TSE:DOO) Price Target Cut to C$39.00 by Analysts at Citigroup

BRP (TSE:DOO) had its price objective cut by research analysts at Citigroup from C$41.00 to C$39.00 in a report issued on Friday,BayStreet.CA reports. Citigroup’s price objective suggests a potential downside of 18.26% from the company’s current price.

Several other brokerages have also issued reports on DOO. BMO Capital Markets lowered their price target on BRP from C$100.00 to C$70.00 in a research note on Thursday. Scotiabank lowered their price objective on BRP from C$91.00 to C$86.00 and set a “sector perform” rating on the stock in a research report on Monday, December 9th. CIBC cut their target price on BRP from C$82.00 to C$64.00 in a research note on Thursday. Stifel Nicolaus decreased their price target on shares of 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 dropped their price objective on shares of BRP from C$80.00 to C$60.00 in a research note on Friday, March 21st. One equities research 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. According to data from MarketBeat, BRP has an average rating of “Hold” and a consensus price target of C$71.23.

BRP Stock Performance

BRP stock traded down C$3.11 during mid-day trading on Friday, reaching C$47.71. The company had a trading volume of 103,992 shares, compared to its average volume of 174,811. 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 firm has a market cap of C$3.51 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 2.05 and a beta of 2.28. The company has a 50 day moving average of C$61.57 and a 200-day moving average of C$69.91. BRP has a 52 week low of C$47.16 and a 52 week high of C$102.46.

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.