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

BRP Inc. (TSE:DOO)’s share price hit a new 52-week low during mid-day 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 traded. The stock had previously closed at C$54.53.

Wall Street Analyst Weigh In

DOO has been the subject of a number of analyst reports. Scotiabank reduced 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 research note on Monday, December 9th. TD Securities reduced their price target on shares of BRP from C$83.00 to C$70.00 and set a “hold” rating for the company in a research report on Tuesday, March 11th. DA Davidson lowered their price objective on BRP from C$96.00 to C$88.00 in a research report on Tuesday, December 10th. National Bankshares reduced their target price on BRP from C$84.00 to C$72.00 and set a “sector perform” rating for the company in a report on Tuesday, February 25th. Finally, Canaccord Genuity Group decreased their price target on BRP from C$88.00 to C$80.00 in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$81.85.

BRP Price Performance

The firm has a market capitalization of C$3.73 billion, a PE ratio of 19.14, a PEG ratio of 2.05 and a beta of 2.28. 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 firm has a 50-day simple moving average of C$62.54 and a 200-day simple moving average of C$70.49.

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.