Royal Bank of Canada Trims BRP (TSE:DOO) Target Price to C$40.00

BRP (TSE:DOO) had its target price lowered by Royal Bank of Canada from C$56.00 to C$40.00 in a report released on Monday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research analysts have also issued reports on DOO. Citigroup increased their price objective on BRP from C$71.00 to C$73.00 in a research note on Wednesday, December 4th. UBS Group increased their price objective on BRP from C$60.00 to C$74.00 in a research note on Friday, November 29th. National Bank Financial dropped their price objective on BRP from C$73.00 to C$65.00 and set an outperform rating for the company in a research note on Friday, February 28th. Northcoast Research cut BRP from a buy rating to a neutral rating in a report on Friday, February 21st. Finally, TD Securities increased their target price on BRP from C$70.00 to C$74.00 and gave the stock a buy rating in a report on Thursday, November 28th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. BRP presently has a consensus rating of Hold and an average target price of C$46.20.

BRP stock opened at C$23.01 on Monday. The stock has a fifty day moving average price of C$53.73 and a two-hundred day moving average price of C$57.44. BRP has a 52-week low of C$18.56 and a 52-week high of C$75.37. The firm has a market capitalization of $1.83 billion and a P/E ratio of 6.56.

BRP (TSE:DOO) last released its quarterly earnings data on Friday, March 20th. The company reported C$1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.06 by C$0.06. The company had revenue of C$1.62 billion for the quarter, compared to analyst estimates of C$1.52 billion. On average, sell-side analysts forecast that BRP will post 4.3000004 EPS for the current fiscal year.

BRP Company Profile

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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Analyst Recommendations for BRP (TSE:DOO)

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