BRP (TSE:DOO) Downgraded to Sell Rating by Citigroup

BRP (TSE:DOO) was downgraded by Citigroup from a “neutral” rating to a “sell” rating in a report released on Thursday,BayStreet.CA reports. They presently have a C$41.00 price target on the stock, down from their previous price target of C$70.00. Citigroup’s price target indicates a potential downside of 22.79% from the stock’s current price.

DOO has been the topic of several other research reports. TD Securities reduced their price target on shares of BRP from C$83.00 to C$70.00 and set a “hold” rating on the stock in a research report on Tuesday, March 11th. Stifel Nicolaus reduced their price target on shares of BRP from C$82.00 to C$78.00 and set a “hold” rating on the stock in a research report on Monday, December 9th. National Bankshares reduced their price target on shares of BRP from C$84.00 to C$72.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 25th. Scotiabank cut their target price on BRP from C$91.00 to C$86.00 and set a “sector perform” rating on the stock in a research report on Monday, December 9th. Finally, Raymond James cut their target price on BRP from C$100.00 to C$98.00 in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$83.67.

BRP Price Performance

DOO traded down C$2.40 during trading on Thursday, reaching C$53.10. The company’s stock had a trading volume of 212,787 shares, compared to its average volume of 160,610. The company has a quick ratio of 0.20, a current ratio of 1.37 and a debt-to-equity ratio of 573.79. The firm has a fifty day simple moving average of C$64.26 and a two-hundred day simple moving average of C$71.99. BRP has a 1 year low of C$52.51 and a 1 year high of C$102.46. The company has a market cap of C$3.91 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 2.05 and a beta of 2.28.

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.