Stifel Nicolaus Cuts BRP (TSE:DOO) Price Target to C$58.00

BRP (TSE:DOO) had its price target decreased by Stifel Nicolaus from C$78.00 to C$58.00 in a report published on Thursday,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities analysts also recently issued reports on the stock. Citigroup downgraded shares of BRP from a “neutral” rating to a “sell” rating and decreased their price target for the stock from C$70.00 to C$41.00 in a research note on Thursday, March 20th. National Bankshares lowered their target price on BRP from C$84.00 to C$72.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 25th. DA Davidson dropped their price target on BRP from C$96.00 to C$88.00 in a research report on Tuesday, December 10th. TD Securities decreased their price objective on BRP from C$83.00 to C$70.00 and set a “hold” rating for the company in a report on Tuesday, March 11th. Finally, Canaccord Genuity Group dropped their target price on shares of BRP from C$88.00 to C$80.00 in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, BRP has an average rating of “Hold” and a consensus price target of C$71.23.

BRP Stock Down 4.3 %

Shares of TSE DOO opened at C$48.65 on Thursday. The firm has a fifty day simple moving average of C$61.04 and a two-hundred day simple moving average of C$69.51. BRP has a 12 month low of C$47.16 and a 12 month high of C$102.46. 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 has a market capitalization of C$3.58 billion, a PE 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.