BRP Inc (TSE:DOO)’s share price dropped 7.5% during mid-day trading on Friday . The stock traded as low as C$35.55 and last traded at C$35.62. Approximately 758,876 shares were traded during mid-day trading, an increase of 235% from the average daily volume of 226,677 shares. The stock had previously closed at C$38.51.
DOO has been the topic of a number of analyst reports. National Bank Financial lowered their price objective on BRP from C$63.00 to C$48.00 and set an “outperform” rating on the stock in a report on Friday, February 1st. UBS Group lowered their price objective on BRP from C$80.00 to C$73.00 in a report on Wednesday, December 19th. Desjardins lowered their price objective on BRP from C$78.00 to C$74.00 in a report on Monday, December 3rd. CIBC lowered their price objective on BRP from C$79.00 to C$63.00 in a report on Monday, December 3rd. Finally, BMO Capital Markets lowered their price objective on BRP from C$76.00 to C$65.00 in a report on Monday, December 3rd. Five analysts have rated the stock with a buy rating, BRP currently has an average rating of “Buy” and an average price target of C$65.43.
The company has a market capitalization of $3.49 billion and a P/E ratio of 14.39.
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BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and propulsion systems worldwide. The company offers all-terrain, side-by-side, and spyder vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircrafts.
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