BRP (TSE:DOO) Sets New 52-Week Low - Time to Sell?

Shares of BRP Inc. (TSE:DOO - Get Free Report) 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 traded. The stock had previously closed at C$55.50.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DOO shares. Citigroup cut BRP from a "neutral" rating to a "sell" rating and lowered their target price for the company from C$70.00 to C$41.00 in a research note on Thursday. Stifel Nicolaus dropped their target price on shares of BRP from C$82.00 to C$78.00 and set a "hold" rating on the stock in a report on Monday, December 9th. TD Securities decreased 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 note on Tuesday, March 11th. Raymond James dropped their price objective on shares of BRP from C$100.00 to C$98.00 in a research note on Monday, December 9th. Finally, National Bankshares decreased their target price on shares of BRP from C$84.00 to C$72.00 and set a "sector perform" rating for the company in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, BRP presently has an average rating of "Hold" and an average target price of C$81.85.

BRP Stock Performance

The business's 50-day simple moving average is C$63.44 and its 200 day simple moving average is C$71.11. The firm has a market cap of C$4.05 billion, a P/E ratio of 20.75, a P/E/G ratio of 2.05 and a beta of 2.28. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37.

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.