BRP (TSE:DOO) Sets New 1-Year Low – Here’s What Happened

BRP Inc. (TSE:DOO) shares reached a new 52-week low during trading on Thursday . The stock traded as low as C$57.27 and last traded at C$57.36, with a volume of 32619 shares trading hands. The stock had previously closed at C$57.97.

Analysts Set New Price Targets

Several equities analysts recently weighed in on DOO shares. Scotiabank dropped their price objective on 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. TD Securities lifted their price objective on BRP from C$81.00 to C$83.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. DA Davidson reduced their target price on shares of BRP from C$96.00 to C$88.00 in a report on Tuesday, December 10th. Citigroup lowered shares of BRP from a “buy” rating to a “neutral” rating and cut their price objective for the company from C$90.00 to C$70.00 in a research report on Monday, February 3rd. Finally, CIBC lowered their price objective on BRP from C$92.00 to C$82.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$87.17.

BRP Stock Down 2.7 %

The firm has a 50 day simple moving average of C$69.36 and a 200-day simple moving average of C$75.90. The company has a debt-to-equity ratio of 573.79, a current ratio of 1.37 and a quick ratio of 0.20. The stock has a market capitalization of C$4.15 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth 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.