BRP (TSE:DOO) Hits New 1-Year Low - Time to Sell?

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

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Canaccord Genuity Group cut their price target on shares of BRP from C$80.00 to C$60.00 in a research note on Friday, March 21st. Scotiabank dropped 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 report on Monday, December 9th. BMO Capital Markets reduced their target price on BRP from C$100.00 to C$70.00 in a research note on Thursday. Royal Bank of Canada reduced their price target on shares of BRP from C$99.00 to C$69.00 in a research report on Friday. Finally, DA Davidson cut their price objective on shares of BRP from C$96.00 to C$88.00 in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of C$71.23.

BRP Trading Down 4.3 %

The company has a market capitalization of C$3.58 billion, a PE ratio of 18.34, a price-to-earnings-growth 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 stock's fifty day moving average price is C$61.04 and its two-hundred day moving average price is C$69.51.

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.