Raymond James Cuts BRP (TSE:DOO) Price Target to C$65.00

BRP (TSE:DOO) had its price target decreased by stock analysts at Raymond James from C$98.00 to C$65.00 in a report issued on Thursday,BayStreet.CA reports. Raymond James’ target price suggests a potential upside of 26.51% from the stock’s current price.

A number of other equities research analysts also recently issued reports on DOO. Stifel Nicolaus cut their target price on shares of BRP from C$78.00 to C$58.00 and set a “buy” rating for the company in a research report on Thursday. CIBC reduced their target price on shares of BRP from C$92.00 to C$82.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. Canaccord Genuity Group cut their price target on shares of BRP from C$80.00 to C$60.00 in a report on Friday, March 21st. National Bankshares decreased their price objective on shares of BRP from C$84.00 to C$72.00 and set a “sector perform” rating for the company in a report on Tuesday, February 25th. Finally, DA Davidson cut their target price on BRP from C$96.00 to C$88.00 in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$73.69.

BRP Price Performance

Shares of TSE:DOO traded down C$3.17 on Thursday, reaching C$51.38. 104,196 shares of the company traded hands, compared to its average volume of 174,780. 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 stock has a market capitalization 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’s 50 day moving average is C$62.10 and its 200-day moving average is C$70.21. BRP has a fifty-two week low of C$50.77 and a fifty-two week 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.