BRP (TSE:DOO) Cut to Neutral at Citigroup

BRP (TSE:DOO) was downgraded by investment analysts at Citigroup from a “buy” rating to a “neutral” rating in a note issued to investors on Monday,BayStreet.CA reports. They presently have a C$70.00 price target on the stock, down from their prior price target of C$90.00. Citigroup’s target price indicates a potential upside of 7.56% from the company’s current price.

A number of other research analysts have also recently commented on DOO. Raymond James cut their price target on shares of BRP from C$100.00 to C$98.00 in a research note on Monday, December 9th. Stifel Nicolaus cut their price target on shares of BRP from C$82.00 to C$78.00 and set a “hold” rating for the company in a research note on Monday, December 9th. TD Securities raised their price target on shares of BRP from C$81.00 to C$83.00 and gave the stock a “hold” rating 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 note on Wednesday, November 27th. Finally, Scotiabank cut their target price on shares of BRP from C$91.00 to C$86.00 and set a “sector perform” rating for the company in a research note on Monday, December 9th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$88.17.

BRP Price Performance

DOO traded down C$4.42 during midday trading on Monday, reaching C$65.08. 470,758 shares of the company’s stock were exchanged, compared to its average volume of 166,779. The firm has a market capitalization of C$2.24 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The company has a quick ratio of 0.20, a current ratio of 1.32 and a debt-to-equity ratio of 545.75. BRP has a one year low of C$60.26 and a one year high of C$102.46. The business has a 50-day simple moving average of C$73.08 and a two-hundred day simple moving average of C$79.93.

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.