BRP (TSE:DOO) Cut to Neutral at Citigroup

BRP (TSE:DOO) was downgraded by investment analysts at Citigroup from a “buy” rating to a “neutral” rating in a report issued on Monday,BayStreet.CA reports. They presently have a C$70.00 price objective on the stock, down from their previous price objective of C$90.00. Citigroup’s price target points to a potential upside of 7.56% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. DA Davidson cut their price objective on shares of BRP from C$96.00 to C$88.00 in a research report on Tuesday, December 10th. Raymond James cut their price objective on shares of BRP from C$100.00 to C$98.00 in a research report on Monday, December 9th. National Bankshares cut their price objective on shares of BRP from C$93.00 to C$84.00 in a research report on Thursday, November 21st. Scotiabank cut their price objective on shares of BRP from C$91.00 to C$86.00 and set a “sector perform” rating on the stock in a research report on Monday, December 9th. Finally, CIBC cut their price objective on shares of BRP from C$92.00 to C$82.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, BRP presently has a consensus rating of “Hold” and an average target price of C$88.17.

BRP Trading Down 6.4 %

Shares of DOO stock traded down C$4.42 on Monday, hitting C$65.08. The stock had a trading volume of 470,758 shares, compared to its average volume of 166,779. BRP has a twelve month low of C$60.26 and a twelve month high of C$102.46. The firm has a market cap of C$2.24 billion, a P/E ratio of 19.72, a PEG ratio of 2.05 and a beta of 2.28. The company has a current ratio of 1.32, a quick ratio of 0.20 and a debt-to-equity ratio of 545.75. The company has a fifty day moving average price of C$73.08 and a two-hundred day moving average price of C$79.93.

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.