BRP (TSE:DOO) had its price objective trimmed by Canaccord Genuity from C$80.00 to C$40.00 in a research report released on Monday, BayStreet.CA reports.
A number of other brokerages have also commented on DOO. CIBC lowered shares of BRP from an outperform rating to a neutral rating and cut their price objective for the company from C$70.00 to C$28.00 in a research report on Monday. TD Securities lowered shares of BRP from a buy rating to a hold rating and cut their price objective for the company from C$74.00 to C$30.00 in a research report on Monday. Northcoast Research lowered shares of BRP from a buy rating to a neutral rating in a research report on Friday, February 21st. UBS Group upped their price objective on shares of BRP from C$60.00 to C$74.00 in a research report on Friday, November 29th. Finally, National Bank Financial cut their price objective on shares of BRP from C$73.00 to C$65.00 and set an outperform rating for the company in a research report on Friday, February 28th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. BRP currently has an average rating of Hold and an average target price of C$46.20.
Shares of DOO opened at C$26.28 on Monday. The company has a 50-day simple moving average of C$53.73 and a 200-day simple moving average of C$57.44. The firm has a market capitalization of $1.83 billion and a P/E ratio of 7.50. BRP has a 52 week low of C$18.56 and a 52 week high of C$75.37.
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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