BRP (TSE:DOO) Hits New 12-Month Low – Time to Sell?

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DOO shares. Scotiabank dropped their price objective on BRP from C$91.00 to C$86.00 and set a “sector perform” rating on the stock in a research note on Monday, December 9th. Raymond James reduced their target price on shares of BRP from C$100.00 to C$98.00 in a research report on Monday, December 9th. Citigroup cut BRP from a “buy” rating to a “neutral” rating and cut their price target for the company from C$90.00 to C$70.00 in a research note on Monday, February 3rd. Stifel Nicolaus reduced their price objective on shares of BRP from C$82.00 to C$78.00 and set a “hold” rating on the stock in a research note on Monday, December 9th. Finally, CIBC lowered their price objective on shares of BRP from C$92.00 to C$82.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BRP has a consensus rating of “Hold” and an average price target of C$87.17.

BRP Trading Down 2.7 %

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 stock’s 50-day simple moving average is C$69.36 and its two-hundred day simple moving average is C$75.90. The firm has a market capitalization of C$4.15 billion, a P/E ratio of 21.26, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28.

BRP Company Profile

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.