Stifel Nicolaus Lowers BRP (TSE:DOO) Price Target to C$58.00

BRP (TSE:DOO) had its price objective decreased by stock analysts at Stifel Nicolaus from C$78.00 to C$58.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 12.88% from the stock’s previous close.

Several other research analysts have also recently issued reports on the company. Raymond James dropped their price target on BRP from C$100.00 to C$98.00 in a report on Monday, December 9th. Canaccord Genuity Group dropped their target price on BRP from C$88.00 to C$80.00 in a research report on Wednesday, November 27th. Canaccord Genuity Group decreased their price objective on shares of BRP from C$80.00 to C$60.00 in a report on Friday, March 21st. Citigroup lowered BRP from a “neutral” rating to a “sell” rating and reduced their target price for the stock from C$70.00 to C$41.00 in a report on Thursday, March 20th. Finally, DA Davidson decreased their target price on BRP from C$96.00 to C$88.00 in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, BRP has a consensus rating of “Hold” and a consensus target price of C$73.69.

BRP Stock Performance

Shares of TSE:DOO traded down C$3.17 during trading on Thursday, reaching C$51.38. 104,196 shares of the company’s stock traded hands, compared to its average volume of 174,780. The stock has a market capitalization of C$3.78 billion, a P/E ratio of 19.36, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. 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 50 day moving average of C$62.10 and a 200-day moving average of C$70.21. BRP has a 12 month low of C$50.77 and a 12 month high of C$102.46.

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.