BMO Capital Markets Issues Pessimistic Forecast for BRP (TSE:DOO) Stock Price

BRP (TSE:DOO) had its price target cut by stock analysts at BMO Capital Markets from C$100.00 to C$70.00 in a research note issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 36.24% from the stock’s current price.

A number of other brokerages also recently issued reports on DOO. Canaccord Genuity Group reduced their price target on shares of BRP from C$88.00 to C$80.00 in a report on Wednesday, November 27th. TD Securities dropped their price target on BRP from C$70.00 to C$65.00 and set a “hold” rating for the company in a research note on Thursday. National Bankshares decreased their price objective on BRP from C$84.00 to C$72.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 25th. Raymond James cut their target price on shares of BRP from C$98.00 to C$65.00 in a report on Thursday. Finally, Scotiabank lowered their price objective on shares of BRP from C$91.00 to C$86.00 and set a “sector perform” rating for the company in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$73.69.

BRP Price Performance

TSE:DOO traded down C$3.17 on Thursday, reaching C$51.38. 104,196 shares of the company’s stock traded hands, compared to its average volume of 174,780. The firm has a market cap of C$3.78 billion, a PE ratio of 19.36, a P/E/G ratio of 2.05 and a beta of 2.28. 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 stock has a 50-day simple moving average of C$62.10 and a 200-day simple moving average of C$70.21. BRP has a 12 month low of C$50.77 and a 12 month 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.