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

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DOO. TD Securities lifted their price objective 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. Citigroup cut shares of BRP from a "buy" rating to a "neutral" rating and reduced their price target for the company from C$90.00 to C$70.00 in a research report on Monday, February 3rd. Raymond James dropped their price objective on shares of BRP from C$100.00 to C$98.00 in a research report on Monday, December 9th. Canaccord Genuity Group reduced their target price on shares of BRP from C$88.00 to C$80.00 in a report on Wednesday, November 27th. Finally, DA Davidson lowered their price target on BRP from C$96.00 to C$88.00 in a report on Tuesday, December 10th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of C$87.17.

BRP Stock Performance

The firm has a market cap of C$4.30 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 2.05 and a beta of 2.28. The company has a quick ratio of 0.20, a current ratio of 1.37 and a debt-to-equity ratio of 573.79. The company has a 50 day moving average of C$69.96 and a 200 day moving average of C$76.46.

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.