BRP (TSE:DOO) Given New C$60.00 Price Target at Canaccord Genuity Group

BRP (TSE:DOO) had its target price reduced by Canaccord Genuity Group from C$80.00 to C$60.00 in a report issued on Friday,BayStreet.CA reports. Canaccord Genuity Group’s price target would indicate a potential upside of 12.40% from the stock’s previous close.

DOO has been the topic of a number of other research reports. Stifel Nicolaus dropped their target price on shares of BRP from C$82.00 to C$78.00 and set a “hold” rating on the stock in a report on Monday, December 9th. Citigroup lowered shares of BRP from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from C$70.00 to C$41.00 in a report on Thursday. CIBC cut their target price on BRP from C$92.00 to C$82.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. Raymond James decreased their price target on BRP from C$100.00 to C$98.00 in a research note on Monday, December 9th. Finally, Scotiabank dropped their price objective on BRP from C$91.00 to C$86.00 and set a “sector perform” rating on the stock in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$81.85.

BRP Stock Up 0.3 %

BRP stock traded up C$0.18 during trading hours on Friday, hitting C$53.38. 191,045 shares of the stock traded hands, compared to its average volume of 162,625. The company has a market cap of C$3.93 billion, a PE ratio of 20.12, a PEG ratio of 2.05 and a beta of 2.28. The company has a current ratio of 1.37, a quick ratio of 0.20 and a debt-to-equity ratio of 573.79. The firm’s 50-day moving average price is C$63.86 and its two-hundred day moving average price is C$71.72. BRP has a one year low of C$52.00 and a one year 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.