BRP (TSE:DOO) Hits New 12-Month Low – Here’s Why

BRP Inc. (TSE:DOO)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as C$50.77 and last traded at C$50.78, with a volume of 204926 shares. The stock had previously closed at C$54.53.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DOO shares. Stifel Nicolaus decreased their price target on BRP from C$78.00 to C$58.00 and set a “buy” rating on the stock in a report on Thursday. Canaccord Genuity Group lowered their target price on shares of BRP from C$80.00 to C$60.00 in a report on Friday, March 21st. National Bankshares reduced their price objective on shares of BRP from C$84.00 to C$72.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 25th. DA Davidson dropped their target price on BRP from C$96.00 to C$88.00 in a research report on Tuesday, December 10th. Finally, TD Securities reduced their target price on BRP from C$70.00 to C$65.00 and set a “hold” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$73.69.

BRP Price Performance

The stock has a 50-day moving average price of C$61.57 and a two-hundred day moving average price of C$69.91. 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 stock has a market cap of C$3.74 billion, a price-to-earnings ratio of 19.15, a PEG 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.