BRP (TSE:DOO) Price Target Cut to C$60.00 by Analysts at Canaccord Genuity Group

BRP (TSE:DOO) had its target price lowered by investment analysts at Canaccord Genuity Group from C$80.00 to C$60.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Canaccord Genuity Group’s price objective would indicate a potential upside of 12.40% from the company’s current price.

A number of other brokerages also recently issued reports on DOO. National Bankshares cut their target price on BRP from C$84.00 to C$72.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 25th. Scotiabank lowered their price target on BRP from C$91.00 to C$86.00 and set a “sector perform” rating for the company in a research report on Monday, December 9th. Raymond James lowered their price target on shares of BRP from C$100.00 to C$98.00 in a report on Monday, December 9th. Canaccord Genuity Group cut their price target on BRP from C$88.00 to C$80.00 in a research note on Wednesday, November 27th. Finally, DA Davidson dropped their price target on shares of BRP from C$96.00 to C$88.00 in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. According to MarketBeat, BRP has an average rating of “Hold” and an average target price of C$81.85.

BRP Stock Performance

TSE DOO traded up C$0.18 on Friday, reaching C$53.38. 191,045 shares of the company’s stock traded hands, compared to its average volume of 162,625. The stock has a 50 day moving average price of C$63.86 and a 200-day moving average price of C$71.72. The firm has a market cap of C$3.93 billion, a price-to-earnings ratio of 20.12, a P/E/G ratio of 2.05 and a beta of 2.28. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37. BRP has a fifty-two week low of C$52.00 and a fifty-two week 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.