BRP (TSE:DOO) Share Price Crosses Below 200-Day Moving Average – Here’s Why

BRP Inc. (TSE:DOO)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$79.05 and traded as low as C$60.21. BRP shares last traded at C$60.21, with a volume of 197,111 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DOO. Canaccord Genuity Group cut their price target on BRP from C$88.00 to C$80.00 in a research note on Wednesday, November 27th. Stifel Nicolaus cut their price objective on BRP from C$82.00 to C$78.00 and set a “hold” rating for the company in a research report on Monday, December 9th. Citigroup lowered BRP from a “buy” rating to a “neutral” rating and decreased their target price for the company from C$90.00 to C$70.00 in a research report on Monday, February 3rd. TD Securities boosted their price target on shares of BRP from C$81.00 to C$83.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Finally, Raymond James decreased their price objective on shares of BRP from C$100.00 to C$98.00 in a report on Monday, December 9th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$88.17.

BRP Trading Down 1.6 %

The company has a market capitalization of C$2.08 billion, a PE ratio of 18.25, a PEG ratio of 2.05 and a beta of 2.28. The company has a fifty day simple moving average of C$72.55 and a 200-day simple moving average of C$79.05. The company has a current ratio of 1.32, a quick ratio of 0.20 and a debt-to-equity ratio of 545.75.

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.