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

BRP Inc. (TSE:DOO)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as C$60.25 and last traded at C$60.60, with a volume of 32968 shares. The stock had previously closed at C$61.16.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Scotiabank decreased their price target on shares of BRP from C$91.00 to C$86.00 and set a “sector perform” rating for the company in a research note on Monday, December 9th. National Bankshares dropped their price target on BRP from C$93.00 to C$84.00 in a research note on Thursday, November 21st. Raymond James reduced their price objective on BRP from C$100.00 to C$98.00 in a research note on Monday, December 9th. Stifel Nicolaus lowered their target price on BRP from C$82.00 to C$78.00 and set a “hold” rating on the stock in a research report on Monday, December 9th. Finally, DA Davidson reduced their price target on shares of BRP from C$96.00 to C$88.00 in a research report on Tuesday, December 10th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, BRP currently has a consensus rating of “Hold” and a consensus price target of C$88.17.

BRP Stock Down 0.3 %

The company has a current ratio of 1.32, a quick ratio of 0.20 and a debt-to-equity ratio of 545.75. The stock has a market capitalization of C$2.04 billion, a PE ratio of 17.91, a P/E/G ratio of 2.05 and a beta of 2.28. The stock’s fifty day simple moving average is C$72.16 and its 200-day simple moving average is C$78.68.

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.