Canaccord Genuity Group Cuts BRP (TSE:DOO) Price Target to C$60.00

BRP (TSE:DOO) had its price objective cut by Canaccord Genuity Group from C$80.00 to C$60.00 in a research note released on Friday,BayStreet.CA reports.

DOO has been the subject of several other reports. National Bankshares lowered their price objective on BRP from C$84.00 to C$72.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 25th. Raymond James decreased their price target on BRP from C$100.00 to C$98.00 in a report on Monday, December 9th. Stifel Nicolaus dropped their price objective on BRP from C$82.00 to C$78.00 and set a “hold” rating on the stock in a research note on Monday, December 9th. Canaccord Genuity Group reduced 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 lowered 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 report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$81.85.

BRP Stock Down 0.8 %

Shares of TSE DOO opened at C$52.78 on Friday. 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 company has a 50-day moving average price of C$63.44 and a 200-day moving average price of C$71.11. The stock has a market capitalization of C$3.88 billion, a P/E ratio of 19.89, a P/E/G ratio of 2.05 and a beta of 2.28. BRP has a 1 year low of C$52.00 and a 1 year 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.