BRP (TSE:DOO) Rating Lowered to “Neutral” at Citigroup

BRP (TSE:DOO) was downgraded by equities research analysts at Citigroup from a “buy” rating to a “neutral” rating in a research report issued on Monday, MarketBeat reports. They presently have a C$70.00 target price on the stock, down from their prior target price of C$90.00. Citigroup’s price target indicates a potential upside of 10.53% from the company’s previous close.

DOO has been the subject of a number of other reports. Stifel Nicolaus cut their price target on BRP from C$82.00 to C$78.00 and set a “hold” rating for the company in a report on Monday, December 9th. Canaccord Genuity Group dropped their target price on shares of BRP from C$88.00 to C$80.00 in a research note on Wednesday, November 27th. TD Securities upped their target price on shares of BRP from C$81.00 to C$83.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. CIBC lowered their price target on shares of BRP from C$92.00 to C$82.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Finally, DA Davidson reduced their price objective on BRP from C$96.00 to C$88.00 in a report on Tuesday, December 10th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$88.17.

BRP Trading Down 1.1 %

DOO stock opened at C$63.33 on Monday. The company has a debt-to-equity ratio of 545.75, a current ratio of 1.32 and a quick ratio of 0.20. The stock has a market capitalization of C$2.18 billion, a price-to-earnings ratio of 19.19, a P/E/G ratio of 2.05 and a beta of 2.28. The business has a fifty day moving average price of C$72.86 and a 200 day moving average price of C$79.67. BRP has a fifty-two week low of C$60.26 and a fifty-two week high of C$102.46.

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.