Citigroup Has Lowered Expectations for BRP (TSE:DOO) Stock Price

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

Several other research firms have also weighed in on DOO. TD Securities lowered their target price on shares of BRP from C$70.00 to C$65.00 and set a “hold” rating for the company in a research note on Thursday. BMO Capital Markets lowered their price objective on shares of BRP from C$100.00 to C$70.00 in a research report on Thursday. Raymond James decreased their target price on BRP from C$98.00 to C$65.00 in a research note on Thursday. CIBC cut their price target on BRP from C$82.00 to C$64.00 in a report on Thursday. Finally, Stifel Nicolaus reduced their price objective on BRP from C$78.00 to C$58.00 and set a “buy” rating for the company in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$71.23.

BRP Stock Down 6.1 %

TSE:DOO traded down C$3.11 during mid-day trading on Friday, reaching C$47.71. The stock had a trading volume of 103,992 shares, compared to its average volume of 174,811. The company has a debt-to-equity ratio of 573.79, a current ratio of 1.37 and a quick ratio of 0.20. The company has a market capitalization of C$3.51 billion, a price-to-earnings ratio of 17.98, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. BRP has a 1-year low of C$47.16 and a 1-year high of C$102.46. The stock’s 50 day simple moving average is C$61.57 and its two-hundred day simple moving average is C$69.91.

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.