BRP (TSE:DOO) Price Target Lowered to C$49.00 at Stifel Nicolaus

BRP (TSE:DOO) had its target price reduced by equities researchers at Stifel Nicolaus from C$58.00 to C$49.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 4.88% from the company’s current price.

Several other research firms also recently issued reports on DOO. BMO Capital Markets dropped their target price on BRP from C$100.00 to C$70.00 in a research report on Thursday, March 27th. Canaccord Genuity Group dropped their price objective on BRP from C$80.00 to C$60.00 in a report on Friday, March 21st. Baird R W lowered BRP from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Citigroup upgraded BRP from a “sell” rating to a “neutral” rating and upped their price target for the company from C$39.00 to C$52.00 in a research report on Friday, April 4th. Finally, National Bankshares cut their price objective on shares of BRP from C$84.00 to C$72.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 25th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$70.00.

BRP Stock Performance

Shares of DOO stock opened at C$46.72 on Wednesday. The firm’s 50 day moving average is C$51.75 and its 200 day moving average is C$63.93. The stock has a market capitalization of C$3.44 billion, a P/E ratio of 17.61, a PEG ratio of 2.05 and a beta of 2.28. BRP has a 12 month low of C$43.88 and a 12 month high of C$102.16. The company has a current ratio of 1.37, a quick ratio of 0.20 and a debt-to-equity ratio of 573.79.

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.