TD Securities Cuts BRP (TSE:DOO) Price Target to C$65.00

BRP (TSE:DOO) had its price objective decreased by TD Securities from C$70.00 to C$65.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Several other research firms also recently commented on DOO. Canaccord Genuity Group dropped their target price on BRP from C$80.00 to C$60.00 in a report on Friday, March 21st. National Bankshares dropped 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 note on Tuesday, February 25th. DA Davidson cut their price objective on shares of BRP from C$96.00 to C$88.00 in a research report on Tuesday, December 10th. Scotiabank decreased 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. Finally, Canaccord Genuity Group dropped their target price on shares of BRP from C$88.00 to C$80.00 in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$71.23.

BRP Stock Performance

Shares of DOO opened at C$48.65 on Thursday. 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 market cap of C$3.58 billion, a P/E ratio of 18.34, a P/E/G ratio of 2.05 and a beta of 2.28. The business’s 50 day moving average price is C$61.04 and its 200-day moving average price is C$69.51. BRP has a 52 week low of C$47.16 and a 52 week high of C$102.46.

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.