BRP (DOO) Price Target Cut to C$50.00

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BRP (TSE:DOO) had its price target decreased by investment analysts at CIBC from C$51.00 to C$50.00 in a research note issued on Monday. CIBC’s price objective would indicate a potential upside of 39.39% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. UBS Group lowered their target price on shares of BRP from C$80.00 to C$73.00 in a research note on Wednesday, December 19th. BMO Capital Markets lowered their target price on shares of BRP from C$76.00 to C$65.00 in a research note on Monday, December 3rd. Desjardins lowered their target price on shares of BRP from C$78.00 to C$74.00 in a research note on Monday, December 3rd. Finally, National Bank Financial lowered their target price on shares of BRP from C$63.00 to C$48.00 and set an “outperform” rating for the company in a research note on Friday, February 1st. Five investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of C$62.29.

TSE:DOO traded up C$0.26 during trading hours on Monday, hitting C$35.87. The stock had a trading volume of 262,188 shares, compared to its average volume of 230,209. BRP has a one year low of C$32.36 and a one year high of C$74.67. The company has a market capitalization of $3.46 billion and a PE ratio of 14.50.

BRP Company Profile

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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Analyst Recommendations for BRP (TSE:DOO)

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