BRP (TSE:DOO) Price Target Cut to C$40.00 by Analysts at Royal Bank of Canada

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

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

Shares of DOO stock opened at C$26.28 on Monday. BRP has a 1-year low of C$18.56 and a 1-year high of C$75.37. The stock’s 50-day moving average is C$53.73 and its 200 day moving average is C$57.44. The company has a market cap of $1.83 billion and a P/E ratio of 7.50.

BRP (TSE:DOO) last issued its quarterly earnings data on Friday, March 20th. The company reported C$1.12 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.06 by C$0.06. The company had revenue of C$1.62 billion for the quarter, compared to the consensus estimate of C$1.52 billion. On average, sell-side analysts predict 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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