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

BRP (TSE:DOO) had its price target decreased by Raymond James from C$98.00 to C$65.00 in a research report report published on Thursday,BayStreet.CA reports.

A number of other equities research analysts also recently commented on the company. TD Securities cut their price objective on BRP from C$83.00 to C$70.00 and set a “hold” rating for the company in a research report on Tuesday, March 11th. DA Davidson reduced their target price on shares of BRP from C$96.00 to C$88.00 in a research note on Tuesday, December 10th. Scotiabank cut their price objective on BRP from C$91.00 to C$86.00 and set a “sector perform” rating on the stock in a research note on Monday, December 9th. Canaccord Genuity Group cut their target price on shares of BRP from C$88.00 to C$80.00 in a research report on Wednesday, November 27th. Finally, CIBC reduced 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 equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$71.23.

BRP Trading Down 4.3 %

Shares of DOO stock opened at C$48.65 on Thursday. 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 company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37. The stock has a fifty day moving average of C$61.04 and a two-hundred day moving average of C$69.51. BRP has a 1 year low of C$47.16 and a 1 year 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.