BRP (TSE:DOO) Price Target Cut to C$74.00 by Analysts at Citigroup

BRP (TSE:DOO) had its price objective lowered by investment analysts at Citigroup from C$75.00 to C$74.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Citigroup’s target price points to a potential downside of 6.16% from the company’s previous close.

A number of other research analysts have also recently weighed in on the stock. Canaccord Genuity Group cut shares of BRP from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$118.00 to C$90.00 in a report on Wednesday, April 15th. BMO Capital Markets boosted their price target on shares of BRP from C$115.00 to C$120.00 and gave the stock an “outperform” rating in a report on Friday, March 27th. National Bank Financial cut shares of BRP from an “outperform” rating to a “hold” rating and lowered their price target for the stock from C$125.00 to C$80.00 in a report on Wednesday, April 15th. Scotiabank boosted their price target on shares of BRP from C$80.00 to C$83.00 and gave the stock a “sector perform” rating in a report on Friday. Finally, TD boosted their price target on shares of BRP from C$84.00 to C$92.00 and gave the stock a “hold” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$98.33.

BRP Stock Down 2.6%

Shares of DOO stock traded down C$2.07 during trading on Friday, reaching C$78.86. The company’s stock had a trading volume of 160,259 shares, compared to its average volume of 296,492. The company has a debt-to-equity ratio of 443.59, a current ratio of 1.27 and a quick ratio of 0.20. The company has a market capitalization of C$5.81 billion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 2.05 and a beta of 1.03. The stock’s 50-day moving average price is C$84.75 and its 200 day moving average price is C$94.93. BRP has a 1-year low of C$53.60 and a 1-year high of C$112.26.

BRP (TSE:DOO) last announced its quarterly earnings data on Thursday, May 28th. The company reported C$1.83 earnings per share for the quarter. The firm had revenue of C$2.39 billion during the quarter. BRP had a net margin of 3.45% and a return on equity of 54.95%. On average, research analysts anticipate that BRP will post 6.890971 EPS for the current year.

About BRP

BRP designs, develops, manufactures, distributes, and markets snowmobiles, all-terrain vehicles, and personal watercraft under the Ski-Doo, Sea-Doo, Can-Am, and Lynx brand names. It also builds engines under the Rotax brand (after discontinuing the Evinrude outboard engine business in 2020) and offers clothing, parts, and accessories that cater to its core consumers. In 2018, BRP created a marine group, acquiring boat manufacturers Alumacraft, Triton (which makes Manitou pontoon boats), and Telwater (in Australia).