BMO Capital Markets downgraded shares of BRP (TSE:DOO) from an outperform rating to a market perform rating in a report released on Monday morning, BayStreet.CA reports. They currently have C$26.00 price objective on the stock, down from their previous price objective of C$72.00.

Several other equities analysts have also recently commented on DOO. UBS Group boosted their target price on shares of BRP from C$60.00 to C$74.00 in a research report on Friday, November 29th. Northcoast Research cut shares of BRP from a buy rating to a neutral rating in a research report on Friday, February 21st. CIBC cut shares of BRP from an outperform rating to a neutral rating and dropped their target price for the company from C$70.00 to C$28.00 in a research report on Monday. National Bank Financial dropped their target price 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. Finally, Canaccord Genuity dropped their target price on shares of BRP from C$80.00 to C$40.00 in a research report on Monday. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. BRP presently has an average rating of Hold and an average target price of C$46.20.

Shares of BRP stock opened at C$26.28 on Monday. BRP has a twelve month low of C$18.56 and a twelve month high of C$75.37. The company has a 50-day simple moving average of C$53.73 and a two-hundred day simple moving average of C$57.44. The stock has a market capitalization of $1.83 billion and a price-to-earnings ratio of 7.50.

BRP (TSE:DOO) last issued its earnings results on Friday, March 20th. The company reported C$1.12 EPS for the quarter, beating 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 analyst estimates of C$1.52 billion. On average, equities 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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