BRP (TSE:DOO) Price Target Cut to C$40.00 by Analysts at Royal Bank of Canada

BRP (TSE:DOO) had its price objective trimmed by Royal Bank of Canada from C$56.00 to C$40.00 in a research note released on Monday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other brokerages have also recently issued reports on DOO. Northcoast Research cut BRP from a buy rating to a neutral rating in a report on Friday, February 21st. Citigroup upped their price objective on BRP from C$71.00 to C$73.00 in a report on Wednesday, December 4th. UBS Group upped their price objective on BRP from C$60.00 to C$74.00 in a report on Friday, November 29th. National Bank Financial decreased their price objective on BRP from C$73.00 to C$65.00 and set an outperform rating on the stock in a report on Friday, February 28th. Finally, TD Securities upped their price objective on BRP from C$70.00 to C$74.00 and gave the stock a buy rating in a report on Thursday, November 28th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of C$46.20.

Shares of DOO opened at C$26.28 on Monday. The stock has a market capitalization of $1.83 billion and a price-to-earnings ratio of 7.50. BRP has a 1 year low of C$18.56 and a 1 year high of C$75.37. The business’s 50 day simple moving average is C$53.73 and its 200-day simple moving average is C$57.44.

BRP (TSE:DOO) last issued its quarterly earnings data on Friday, March 20th. The company reported C$1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.06 by C$0.06. The firm had revenue of C$1.62 billion for the quarter, compared to analysts’ expectations of C$1.52 billion. As a group, analysts expect that BRP will post 4.3000004 earnings per share for the current year.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersport vehicles and marine products worldwide. It operates through two segments, Powersports and Marine. The company offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircraft.

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Analyst Recommendations for BRP (TSE:DOO)

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