BRP (TSE:DOO) Reaches New 52-Week Low - Here's What Happened

BRP Inc. (TSE:DOO - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$60.25 and last traded at C$60.60, with a volume of 32968 shares traded. The stock had previously closed at C$61.16.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DOO shares. Scotiabank cut their price target on shares of BRP from C$91.00 to C$86.00 and set a "sector perform" rating on the stock in a research note on Monday, December 9th. TD Securities raised their target price on shares of 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 lowered shares of BRP from a "buy" rating to a "neutral" rating and cut their price objective for the stock from C$90.00 to C$70.00 in a report on Monday, February 3rd. Raymond James cut their price objective on shares of BRP from C$100.00 to C$98.00 in a report on Monday, December 9th. Finally, CIBC dropped their target price on shares of BRP from C$92.00 to C$82.00 and set a "neutral" rating for the company in a research report on Monday, December 9th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, BRP has a consensus rating of "Hold" and an average target price of C$88.17.

BRP Trading Up 0.9 %

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 firm has a market cap of C$4.50 billion, a P/E ratio of 23.07, a P/E/G ratio of 2.05 and a beta of 2.28. The business's 50-day moving average is C$71.83 and its two-hundred day moving average is C$78.17.

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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.