CIBC Lowers BRP (TSE:DOO) Price Target to C$64.00

BRP (TSE:DOO) had its price objective decreased by CIBC from C$82.00 to C$64.00 in a research report report published on Thursday morning,BayStreet.CA reports.

A number of other analysts also recently issued reports on DOO. Canaccord Genuity Group cut their target price on BRP from C$88.00 to C$80.00 in a research note on Wednesday, November 27th. Scotiabank dropped their price objective 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. Stifel Nicolaus cut their price objective on shares of BRP from C$78.00 to C$58.00 and set a “buy” rating for the company in a research report on Thursday. Citigroup cut shares of BRP from a “neutral” rating to a “sell” rating and dropped their price target for the company from C$70.00 to C$41.00 in a research note on Thursday, March 20th. Finally, TD Securities cut their price target on shares of BRP from C$70.00 to C$65.00 and set a “hold” rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, BRP presently has an average rating of “Hold” and an average target price of C$71.23.

BRP Price Performance

DOO stock opened at C$48.65 on Thursday. BRP has a 1 year low of C$47.16 and a 1 year high of C$102.46. 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 firm has a market capitalization of C$3.58 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The business has a 50 day simple moving average of C$61.04 and a 200-day simple moving average of C$69.51.

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.