BRP (TSE:DOO) Reaches New 12-Month Low – What’s Next?

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

Analyst Ratings Changes

Several equities analysts have commented on DOO shares. Canaccord Genuity Group dropped their target price on shares of BRP from C$88.00 to C$80.00 in a research report on Wednesday, November 27th. TD Securities lifted their price target on BRP from C$81.00 to C$83.00 and gave the stock a “hold” rating in a report on Monday, December 9th. Citigroup downgraded BRP from a “buy” rating to a “neutral” rating and reduced their price objective for the company from C$90.00 to C$70.00 in a research note on Monday. Scotiabank lowered 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. Finally, Stifel Nicolaus reduced 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 research report on Monday, December 9th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$88.17.

BRP Stock Performance

The company has a market capitalization of C$2.18 billion, a P/E ratio of 19.19, a P/E/G ratio of 2.05 and a beta of 2.28. 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 company’s fifty day moving average is C$72.86 and its 200 day moving average is C$79.67.

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.