BRP (TSE:DOO) Downgraded to Neutral at CIBC

CIBC cut shares of BRP (TSE:DOO) from an outperform rating to a neutral rating in a research note issued to investors on Monday, BayStreet.CA reports. They currently have C$28.00 price target on the stock, down from their prior price target of C$70.00.

A number of other equities analysts also recently commented on DOO. Royal Bank of Canada decreased their target price on BRP from C$56.00 to C$40.00 and set an outperform rating for the company in a research note on Monday. Northcoast Research downgraded BRP from a buy rating to a neutral rating in a research report on Friday, February 21st. UBS Group boosted their price objective on BRP from C$60.00 to C$74.00 in a research report on Friday, November 29th. TD Securities downgraded BRP from a buy rating to a hold rating and reduced their price objective for the stock from C$74.00 to C$30.00 in a research report on Monday. Finally, Citigroup boosted their price objective on BRP from C$71.00 to C$73.00 in a research report on Wednesday, December 4th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of C$46.20.

Shares of DOO stock opened at C$26.28 on Monday. The business has a 50 day moving average of C$53.73 and a two-hundred day moving average of C$57.44. BRP has a 52 week low of C$18.56 and a 52 week high of C$75.37. The company has a market cap of $1.83 billion and a P/E ratio of 7.50.

BRP (TSE:DOO) last issued its earnings results on Friday, March 20th. The company reported C$1.12 EPS for the quarter, beating the Zacks’ consensus estimate of C$1.06 by C$0.06. The company had revenue of C$1.62 billion during the quarter, compared to analyst estimates of C$1.52 billion. As a group, analysts anticipate that BRP will post 4.3000004 earnings per share for the current fiscal 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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Analyst Recommendations for BRP (TSE:DOO)

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