BRP (TSE:DOO) Price Target Lowered to C$65.00 at Raymond James

BRP (TSE:DOO) had its price objective reduced by Raymond James from C$98.00 to C$65.00 in a research report issued on Thursday,BayStreet.CA reports. Raymond James’ target price points to a potential upside of 26.51% from the stock’s previous close.

A number of other research firms also recently issued reports on DOO. Scotiabank lowered their target price on BRP from C$91.00 to C$86.00 and set a “sector perform” rating on the stock in a research report on Monday, December 9th. National Bankshares decreased 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. Citigroup downgraded shares of BRP from a “neutral” rating to a “sell” rating and cut their target price for the company from C$70.00 to C$41.00 in a research note on Thursday, March 20th. Canaccord Genuity Group lowered their price target on BRP from C$88.00 to C$80.00 in a research report on Wednesday, November 27th. Finally, CIBC cut their price objective on BRP from C$92.00 to C$82.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. One 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$73.69.

BRP Trading Down 5.8 %

DOO stock traded down C$3.17 during midday trading on Thursday, hitting C$51.38. 104,196 shares of the company’s stock were exchanged, compared to its average volume of 174,780. BRP has a one year low of C$50.77 and a one year high of C$102.46. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37. The company has a market cap of C$3.78 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The stock’s fifty day moving average price is C$62.10 and its 200-day moving average price is C$70.21.

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.