BRP (TSE:DOO) Reaches New 1-Year Low – Here’s Why

BRP Inc. (TSE:DOO)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as C$60.26 and last traded at C$62.25, with a volume of 154492 shares trading hands. The stock had previously closed at C$69.50.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DOO. Stifel Nicolaus cut their price target on shares of BRP from C$82.00 to C$78.00 and set a “hold” rating for the company in a report on Monday, December 9th. Scotiabank decreased their target price 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. TD Securities boosted their price objective on BRP from C$81.00 to C$83.00 and gave the stock a “hold” rating in a report on Monday, December 9th. National Bankshares dropped their target price on shares of BRP from C$93.00 to C$84.00 in a research report on Thursday, November 21st. Finally, Canaccord Genuity Group lowered their price objective on shares of BRP from C$88.00 to C$80.00 in a research report on Wednesday, November 27th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$88.17.

BRP Trading Down 1.1 %

The firm has a market capitalization of C$2.18 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The firm’s 50-day simple moving average is C$72.86 and its 200-day simple moving average is C$79.67. The company has a quick ratio of 0.20, a current ratio of 1.32 and a debt-to-equity ratio of 545.75.

About BRP

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.