BRP (TSE:DOO) Hits New 1-Year Low – Here’s Why

BRP Inc. (TSE:DOO) shares reached a new 52-week low on Thursday . The company traded as low as C$52.51 and last traded at C$54.40, with a volume of 39040 shares changing hands. The stock had previously closed at C$55.50.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DOO shares. CIBC reduced their price target on shares of BRP from C$92.00 to C$82.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. Canaccord Genuity Group dropped their price objective on shares of BRP from C$88.00 to C$80.00 in a report on Wednesday, November 27th. Scotiabank dropped their price objective on shares of BRP from C$91.00 to C$86.00 and set a “sector perform” rating for the company in a report on Monday, December 9th. Citigroup lowered shares of BRP from a “buy” rating to a “neutral” rating and dropped their price objective for the company from C$90.00 to C$70.00 in a report on Monday, February 3rd. Finally, TD Securities dropped their price objective on shares of BRP from C$83.00 to C$70.00 and set a “hold” rating for the company in a report on Tuesday, March 11th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, BRP has a consensus rating of “Hold” and a consensus target price of C$86.08.

BRP Trading Down 3.8 %

The firm’s 50-day moving average is C$64.26 and its 200-day moving average is C$71.99. The company has a current ratio of 1.37, a quick ratio of 0.20 and a debt-to-equity ratio of 573.79. The firm has a market cap of C$3.93 billion, a price-to-earnings ratio of 20.12, a P/E/G ratio of 2.05 and a beta of 2.28.

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.