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

BRP (TSE:DOO) had its price objective cut by equities researchers at TD Securities from C$83.00 to C$70.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ price objective would suggest a potential upside of 23.02% from the stock’s previous close.

Several other research analysts have also recently commented on DOO. DA Davidson lowered their price target on shares of BRP from C$96.00 to C$88.00 in a report on Tuesday, December 10th. CIBC lowered 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 report on Monday, December 9th. Canaccord Genuity Group lowered their target price on shares of BRP from C$88.00 to C$80.00 in a report on Wednesday, November 27th. Scotiabank lowered 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 report on Monday, December 9th. Finally, National Bankshares lowered their target price 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. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$86.08.

BRP Trading Up 1.0 %

Shares of DOO stock opened at C$56.90 on Tuesday. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37. The stock has a market capitalization of C$4.18 billion, a P/E ratio of 21.45, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The company has a 50 day moving average price of C$66.11 and a 200 day moving average price of C$73.32. BRP has a fifty-two week low of C$53.02 and a fifty-two week 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.