TD Securities Lowers BRP (TSE:DOO) Price Target to C$70.00

BRP (TSE:DOO) had its price target reduced by TD Securities from C$83.00 to C$70.00 in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ price target would suggest a potential upside of 25.16% from the company’s previous close.

Several other analysts have also issued reports on the stock. National Bankshares cut their target price on shares of BRP from C$84.00 to C$72.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 25th. CIBC cut their price objective on shares of BRP from C$92.00 to C$82.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Citigroup downgraded BRP from a “buy” rating to a “neutral” rating and lowered their target price for the company from C$90.00 to C$70.00 in a research report on Monday, February 3rd. Raymond James reduced their price target on BRP from C$100.00 to C$98.00 in a research report on Monday, December 9th. Finally, DA Davidson reduced their target price on shares of BRP from C$96.00 to C$88.00 in a report on Tuesday, December 10th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$86.08.

BRP Stock Performance

Shares of DOO stock traded down C$3.07 on Tuesday, reaching C$55.93. The stock had a trading volume of 58,768 shares, compared to its average volume of 166,585. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37. BRP has a 1 year low of C$53.02 and a 1 year high of C$102.46. The stock has a market cap of C$4.11 billion, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The company has a 50 day simple moving average of C$66.77 and a 200 day simple moving average of C$73.80.

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.