CIBC cut shares of BRP (TSE:DOO) from an outperform rating to a neutral rating in a research report report published on Monday morning, BayStreet.CA reports. CIBC currently has C$28.00 price objective on the stock, down from their prior price objective of C$70.00.

DOO has been the topic of several other reports. TD Securities lowered 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. Royal Bank of Canada cut their price objective on BRP from C$56.00 to C$40.00 and set an outperform rating on the stock in a research report on Monday. Northcoast Research lowered BRP from a buy rating to a neutral rating in a research report on Friday, February 21st. Citigroup raised their price objective on BRP from C$71.00 to C$73.00 in a research report on Wednesday, December 4th. Finally, National Bank Financial cut 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. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of C$46.20.

Shares of DOO opened at C$26.28 on Monday. The firm has a market capitalization of $1.83 billion and a P/E ratio of 7.50. The stock’s fifty day simple moving average is C$53.73 and its 200 day simple moving average is C$57.44. BRP has a twelve month low of C$18.56 and a twelve month high of C$75.37.

BRP (TSE:DOO) last issued its earnings results on Friday, March 20th. The company reported C$1.12 earnings per share for the quarter, topping the consensus estimate of C$1.06 by C$0.06. The firm had revenue of C$1.62 billion during the quarter, compared to analysts’ expectations of C$1.52 billion. On average, equities research analysts forecast that BRP will post 4.3000004 EPS for the current year.

About BRP

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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