BRP (TSE:DOO) Hits New 52-Week Low – Should You Sell?

BRP Inc. (TSE:DOO) shares reached a new 52-week low during trading on Friday . The stock traded as low as C$58.28 and last traded at C$58.78, with a volume of 24143 shares changing hands. The stock had previously closed at C$59.53.

Analyst Ratings Changes

DOO has been the subject of a number of research reports. CIBC lowered their price target on shares of BRP from C$92.00 to C$82.00 and set a “neutral” rating for the company in a report on Monday, December 9th. TD Securities lifted their target price on BRP from C$81.00 to C$83.00 and gave the company a “hold” rating in a research note on Monday, December 9th. Stifel Nicolaus dropped their target price on 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. Scotiabank decreased their price target on BRP from C$91.00 to C$86.00 and set a “sector perform” rating on the stock in a report on Monday, December 9th. Finally, Raymond James dropped their price objective on BRP from C$100.00 to C$98.00 in a report on Monday, December 9th. Ten 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, the company presently has an average rating of “Hold” and a consensus target price of C$88.17.

BRP Trading Down 2.3 %

The company has a market capitalization of C$4.28 billion, a P/E ratio of 21.92, a PEG ratio of 2.05 and a beta of 2.28. The business has a 50 day moving average price of C$70.23 and a 200 day moving average price of C$76.58. The company has a current ratio of 1.37, a quick ratio of 0.20 and a debt-to-equity ratio of 573.79.

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.