TD Securities Has Lowered Expectations for BRP (TSE:DOO) Stock Price

BRP (TSE:DOO) had its target price reduced by research analysts at TD Securities from C$70.00 to C$65.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target would suggest a potential upside of 26.51% from the company’s current price.

A number of other equities analysts also recently commented on the company. Canaccord Genuity Group decreased their target price on BRP from C$80.00 to C$60.00 in a research note on Friday, March 21st. Scotiabank cut their target price on shares of BRP from C$91.00 to C$86.00 and set a “sector perform” rating for the company in a research note on Monday, December 9th. Citigroup cut BRP from a “neutral” rating to a “sell” rating and dropped their price target for the stock from C$70.00 to C$41.00 in a research note on Thursday, March 20th. Canaccord Genuity Group dropped their price target on BRP from C$88.00 to C$80.00 in a research report on Wednesday, November 27th. Finally, National Bankshares lowered their target price on BRP from C$84.00 to C$72.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$73.69.

BRP Stock Performance

Shares of TSE DOO traded down C$3.17 during midday trading on Thursday, hitting C$51.38. The company’s stock had a trading volume of 104,196 shares, compared to its average volume of 174,780. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37. BRP has a 1-year low of C$50.77 and a 1-year high of C$102.46. The firm’s fifty day moving average price is C$62.10 and its 200-day moving average price is C$70.21. The firm has a market cap of C$3.78 billion, a P/E ratio of 19.36, a P/E/G 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.