BRP (TSE:DOO) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

BRP Inc. (TSE:DOO) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$64.40 and traded as low as C$45.80. BRP shares last traded at C$47.00, with a volume of 171,889 shares traded.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. UBS Group reduced their price target on shares of BRP from C$64.00 to C$50.00 in a report on Wednesday, April 23rd. CIBC decreased their target price on shares of BRP from C$82.00 to C$64.00 in a research report on Thursday, March 27th. National Bankshares dropped their price target on shares of BRP from C$84.00 to C$72.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 25th. TD Securities reduced their price objective on BRP from C$70.00 to C$65.00 and set a “hold” rating for the company in a research report on Thursday, March 27th. Finally, Canaccord Genuity Group lowered their target price on BRP from C$80.00 to C$60.00 in a research report on Friday, March 21st. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$70.64.

BRP Trading Up 0.7 %

The company has a quick ratio of 0.20, a current ratio of 1.37 and a debt-to-equity ratio of 573.79. The firm’s 50-day simple moving average is C$52.21 and its 200 day simple moving average is C$64.28. The stock has a market capitalization of C$3.46 billion, a P/E ratio of 17.71, a PEG ratio of 2.05 and a beta of 2.28.

BRP Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, April 18th were paid a dividend of $0.215 per share. The ex-dividend date of this dividend was Friday, April 4th. This is a positive change from BRP’s previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a yield of 1.83%. BRP’s dividend payout ratio is currently 31.66%.

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.