BRP (TSE:DOO) Cut to “Neutral” at Citigroup

Citigroup cut shares of BRP (TSE:DOO) from a buy rating to a neutral rating in a research note released on Monday, Marketbeat.com reports. Citigroup currently has C$70.00 target price on the stock, down from their previous target price of C$90.00.

A number of other equities research analysts have also recently commented on DOO. Canaccord Genuity Group reduced their target price on shares of BRP from C$88.00 to C$80.00 in a report on Wednesday, November 27th. Stifel Nicolaus decreased their price objective on BRP from C$82.00 to C$78.00 and set a “hold” rating for the company in a research report on Monday, December 9th. DA Davidson dropped their target price on BRP from C$96.00 to C$88.00 in a report on Tuesday, December 10th. Scotiabank decreased their price target on 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. Finally, National Bankshares cut their price objective on shares of BRP from C$93.00 to C$84.00 in a research report on Thursday, November 21st. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$88.17.

BRP Stock Performance

Shares of DOO opened at C$65.11 on Monday. The company’s 50 day simple moving average is C$72.80 and its 200-day simple moving average is C$79.54. BRP has a 12-month low of C$60.26 and a 12-month high of C$102.46. The firm has a market cap of C$2.24 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The company has a current ratio of 1.32, a quick ratio of 0.20 and a debt-to-equity ratio of 545.75.

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.