BRP Inc. (TSE:DOO) Given Consensus Recommendation of “Hold” by Brokerages

Shares of BRP Inc. (TSE:DOO) have been given an average recommendation of “Hold” by the twelve analysts that are currently covering the company, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$88.17.

Several brokerages have commented on DOO. CIBC dropped their price target on BRP from C$92.00 to C$82.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. Canaccord Genuity Group lowered their target price on BRP from C$88.00 to C$80.00 in a research note on Wednesday, November 27th. DA Davidson lowered their target price on BRP from C$96.00 to C$88.00 in a research note on Tuesday, December 10th. TD Securities increased their target price on BRP from C$81.00 to C$83.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Finally, Citigroup lowered BRP from a “buy” rating to a “neutral” rating and lowered their target price for the company from C$90.00 to C$70.00 in a research note on Monday, February 3rd.

BRP Stock Performance

Shares of TSE:DOO opened at C$58.15 on Tuesday. The firm has a market capitalization of C$4.28 billion, a PE ratio of 21.92, 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 current ratio of 1.37 and a quick ratio of 0.20. The business has a 50-day moving average of C$70.23 and a two-hundred day moving average of C$76.58. BRP has a 12 month low of C$57.75 and a 12 month 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.