BRP (TSE:DOO) Sets New 1-Year Low – Time to Sell?

by · The Cerbat Gem

BRP Inc. (TSE:DOO – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$57.27 and last traded at C$57.36, with a volume of 32619 shares traded. The stock had previously closed at C$57.97.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Scotiabank decreased their price objective on shares of BRP from C$91.00 to C$86.00 and set a “sector perform” rating for the company in a research report on Monday, December 9th. Canaccord Genuity Group cut their price target on shares of BRP from C$88.00 to C$80.00 in a research note on Wednesday, November 27th. Raymond James cut their price target on shares of BRP from C$100.00 to C$98.00 in a research note on Monday, December 9th. Citigroup lowered shares of BRP from a “buy” rating to a “neutral” rating and cut their price target for the stock from C$90.00 to C$70.00 in a research note on Monday, February 3rd. Finally, TD Securities lifted their price target on shares of BRP from C$81.00 to C$83.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$87.17.

Get Our Latest Stock Report on BRP

BRP Trading Up 1.7 %

The company has a debt-to-equity ratio of 573.79, a current ratio of 1.37 and a quick ratio of 0.20. The company has a market capitalization of C$4.22 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The business’s 50 day simple moving average is C$68.63 and its 200 day simple moving average is C$75.32.

About BRP

(Get Free Report)

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.

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