BRP (TSE:DOO) Stock Passes Above 50-Day Moving Average - What's Next?

BRP Inc. (TSE:DOO - Get Free Report)'s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$70.73 and traded as high as C$76.48. BRP shares last traded at C$75.29, with a volume of 140,882 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently issued reports on DOO. Raymond James decreased their price objective on BRP from C$100.00 to C$98.00 in a report on Monday, December 9th. National Bankshares lowered their price objective on shares of BRP from C$93.00 to C$84.00 in a report on Thursday, November 21st. Cibc World Mkts cut shares of BRP from a "strong-buy" rating to a "hold" rating in a report on Monday, September 9th. BMO Capital Markets lowered their price target on shares of BRP from C$115.00 to C$100.00 in a research note on Monday, September 9th. Finally, Royal Bank of Canada cut their price target on shares of BRP from C$108.00 to C$99.00 in a research report on Monday, September 9th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of C$89.83.

BRP Stock Up 0.4 %

The firm has a 50-day simple moving average of C$70.73 and a two-hundred day simple moving average of C$81.53. The stock has a market cap of C$2.61 billion, a P/E ratio of 22.91, a PEG ratio of 2.05 and a beta of 2.28. The company has a current ratio of 1.32, a quick ratio of 0.20 and a debt-to-equity ratio of 545.75.

About BRP

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.