National Bank Financial Trims BRP (TSE:DOO) Target Price to C$38.00

BRP (TSE:DOO) had its price objective trimmed by National Bank Financial from C$65.00 to C$38.00 in a research note issued to investors on Monday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other research analysts have also commented on DOO. Citigroup upped their target price on BRP from C$71.00 to C$73.00 in a research note on Wednesday, December 4th. UBS Group upped their target price on BRP from C$60.00 to C$74.00 in a research note on Friday, November 29th. TD Securities lowered BRP from a buy rating to a hold rating and cut their target price for the company from C$74.00 to C$30.00 in a research note on Monday. Canaccord Genuity dropped their price objective on BRP from C$80.00 to C$40.00 in a research note on Monday. Finally, Northcoast Research lowered BRP from a buy rating to a neutral rating in a research note on Friday, February 21st. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of C$46.20.

Shares of TSE DOO opened at C$23.01 on Monday. The business has a fifty day simple moving average of C$53.73 and a 200 day simple moving average of C$57.44. The firm has a market capitalization of $1.83 billion and a price-to-earnings ratio of 6.56. BRP has a one year low of C$18.56 and a one year high of C$75.37.

BRP (TSE:DOO) last issued its earnings results on Friday, March 20th. The company reported C$1.12 EPS for the quarter, beating analysts’ consensus estimates of C$1.06 by C$0.06. The firm had revenue of C$1.62 billion during the quarter, compared to analyst estimates of C$1.52 billion. On average, equities analysts anticipate that BRP will post 4.3000004 EPS for the current year.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersport vehicles and marine products worldwide. It operates through two segments, Powersports and Marine. The company offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircraft.

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