BRP (TSE:DOO) Price Target Lowered to C$69.00 at Royal Bank of Canada

BRP (TSE:DOO) had its price objective lowered by Royal Bank of Canada from C$99.00 to C$69.00 in a research note issued to investors on Friday morning,BayStreet.CA reports.

A number of other brokerages have also weighed in on DOO. National Bankshares decreased their target price on 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. Canaccord Genuity Group decreased their price objective on shares of BRP from C$80.00 to C$60.00 in a research report on Friday, March 21st. Stifel Nicolaus dropped their target price on shares of BRP from C$78.00 to C$58.00 and set a “buy” rating for the company in a research report on Thursday. TD Securities decreased their price target on shares of BRP from C$70.00 to C$65.00 and set a “hold” rating on the stock in a report on Thursday. Finally, Citigroup dropped their price objective on shares of BRP from C$41.00 to C$39.00 in a report on Friday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$71.23.

BRP Trading Down 4.3 %

BRP stock opened at C$48.65 on Friday. 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 fifty-two week low of C$47.16 and a fifty-two week high of C$102.46. The stock has a market cap of C$3.58 billion, a P/E ratio of 18.34, a PEG ratio of 2.05 and a beta of 2.28. The firm’s fifty day moving average price is C$61.04 and its 200-day moving average price is C$69.51.

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.