Citigroup Boosts BRP (TSE:DOO) Price Target to C$60.00

BRP (TSE:DOO - Get Free Report) had its target price upped by analysts at Citigroup from C$49.00 to C$60.00 in a report issued on Tuesday,BayStreet.CA reports. Citigroup's price target would indicate a potential downside of 6.24% from the company's current price.

DOO has been the topic of several other research reports. UBS Group dropped their price objective on BRP from C$64.00 to C$50.00 in a research note on Wednesday, April 23rd. Desjardins upgraded shares of BRP from a "hold" rating to a "moderate buy" rating in a research report on Thursday, May 29th. Royal Bank of Canada cut their target price on BRP from C$99.00 to C$69.00 in a research note on Friday, March 28th. Stifel Canada upgraded BRP from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 29th. Finally, Canaccord Genuity Group lowered their price target on BRP from C$80.00 to C$60.00 in a report on Friday, March 21st. Nine equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of C$69.79.

BRP Stock Down 0.5%

DOO traded down C$0.34 during midday trading on Tuesday, reaching C$63.99. 195,061 shares of the company were exchanged, compared to its average volume of 196,307. The company has a market cap of C$4.71 billion, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. BRP has a one year low of C$43.88 and a one year high of C$102.16. The company's fifty day moving average price is C$50.85 and its 200 day moving average price is C$60.73. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37.

BRP Company Profile

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.