BMO Capital Markets Cuts BRP (TSE:DOO) Price Target to C$70.00

BRP (TSE:DOO) had its target price decreased by BMO Capital Markets from C$100.00 to C$70.00 in a research report released on Thursday,BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the stock. Canaccord Genuity Group lowered their price objective on shares of BRP from C$80.00 to C$60.00 in a research note on Friday, March 21st. National Bankshares lowered their price target on shares of BRP from C$84.00 to C$72.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 25th. Scotiabank dropped their price objective on shares of BRP from C$91.00 to C$86.00 and set a “sector perform” rating for the company in a research note on Monday, December 9th. DA Davidson reduced their target price on BRP from C$96.00 to C$88.00 in a research note on Tuesday, December 10th. Finally, Citigroup downgraded BRP from a “neutral” rating to a “sell” rating and dropped their price target for the stock from C$70.00 to C$41.00 in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$71.23.

BRP Stock Down 4.3 %

DOO opened at C$48.65 on Thursday. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37. The company has a market cap of C$3.58 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 2.05 and a beta of 2.28. BRP has a one year low of C$47.16 and a one year high of C$102.46. The business’s fifty day moving average is C$61.04 and its two-hundred day moving average is C$69.51.

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.