BRP (TSE:DOO) Hits New 12-Month Low – Here’s Why

BRP Inc. (TSE:DOO) reached a new 52-week low during mid-day 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.

Analyst Upgrades and Downgrades

DOO has been the topic of a number of research reports. DA Davidson dropped their price target on BRP from C$96.00 to C$88.00 in a research note on Tuesday, December 10th. TD Securities lifted their target price on shares of BRP from C$81.00 to C$83.00 and gave the company a “hold” rating in a report on Monday, December 9th. Scotiabank reduced 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 report on Monday, December 9th. Raymond James lowered their price objective on shares of BRP from C$100.00 to C$98.00 in a research report on Monday, December 9th. Finally, Citigroup cut shares of BRP from a “buy” rating to a “neutral” rating and reduced their target price for the company from C$90.00 to C$70.00 in a report on Monday. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$88.17.

BRP Trading Down 9.1 %

The company has a quick ratio of 0.20, a current ratio of 1.32 and a debt-to-equity ratio of 545.75. The business’s fifty day moving average is C$73.08 and its 200-day moving average is C$79.93. The stock has a market capitalization of C$2.18 billion, a PE ratio of 19.14, a P/E/G ratio of 2.05 and a beta of 2.28.

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.