CIBC Cuts BRP (TSE:DOO) Price Target to C$64.00

BRP (TSE:DOO) had its target price lowered by CIBC from C$82.00 to C$64.00 in a research note published on Thursday morning,BayStreet.CA reports.

Several other equities analysts also recently issued reports on the stock. Raymond James cut their price objective on shares of BRP from C$98.00 to C$65.00 in a report on Thursday. Canaccord Genuity Group decreased their price objective on BRP from C$88.00 to C$80.00 in a report on Wednesday, November 27th. Citigroup lowered BRP from a “neutral” rating to a “sell” rating and dropped their target price for the stock from C$70.00 to C$41.00 in a report on Thursday, March 20th. National Bankshares decreased their price target on 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 dropped their price objective on shares of BRP from C$96.00 to C$88.00 in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$71.23.

BRP Stock Down 4.3 %

Shares of DOO stock opened at C$48.65 on Thursday. The stock’s fifty day moving average price is C$61.04 and its 200 day moving average price is C$69.51. The company has a debt-to-equity ratio of 573.79, a current ratio of 1.37 and a quick ratio of 0.20. BRP has a 1-year low of C$47.16 and a 1-year high of C$102.46. The company has a market cap of C$3.58 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28.

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.