BRP (TSE:DOO) Downgraded by Citigroup to Sell

Citigroup cut shares of BRP (TSE:DOO) from a neutral rating to a sell rating in a research report released on Thursday, Marketbeat reports. They currently have C$41.00 target price on the stock, down from their prior target price of C$70.00.

DOO has been the subject of a number of other reports. Scotiabank reduced their target price on shares of BRP from C$91.00 to C$86.00 and set a “sector perform” rating for the company in a report on Monday, December 9th. National Bankshares reduced their target price on shares of BRP from C$84.00 to C$72.00 and set a “sector perform” rating for the company in a report on Tuesday, February 25th. DA Davidson reduced their target price on shares of BRP from C$96.00 to C$88.00 in a report on Tuesday, December 10th. Raymond James reduced their target price on shares of BRP from C$100.00 to C$98.00 in a report on Monday, December 9th. Finally, CIBC reduced their target price 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. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$81.85.

BRP Stock Performance

DOO stock opened at C$52.78 on Thursday. The company has a market capitalization of C$3.88 billion, a P/E ratio of 19.89, a PEG 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 business has a 50-day moving average price of C$63.44 and a 200 day moving average price of C$71.28. BRP has a 1-year low of C$52.00 and a 1-year 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.