BRP (TSE:DOO) Hits New 52-Week Low - Here's Why

BRP Inc. (TSE:DOO - Get Free Report) shares hit a new 52-week low during mid-day trading on Friday . The stock 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 Analyst Weigh In

DOO has been the subject of a number of research reports. CIBC lowered their target price on 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. Raymond James lowered their target price on shares of BRP from C$100.00 to C$98.00 in a research report on Monday, December 9th. 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. National Bankshares decreased their target price on BRP from C$84.00 to C$72.00 and set a "sector perform" rating for the company in a research note on Tuesday. Finally, Stifel Nicolaus dropped their price target on BRP from C$82.00 to C$78.00 and set a "hold" rating on the stock in a research report on Monday, December 9th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of C$87.17.

BRP Stock Down 1.3 %

The firm has a market cap of C$4.25 billion, a P/E ratio of 21.76, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. 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's fifty day moving average is C$69.65 and its two-hundred day moving average is C$76.19.

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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.