BRP (TSE:DOO) Share Price Passes Below 200 Day Moving Average - Here's What Happened

BRP Inc. (TSE:DOO - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$79.05 and traded as low as C$60.21. BRP shares last traded at C$60.21, with a volume of 197,111 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DOO shares. CIBC reduced their price objective 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. Scotiabank reduced their price objective on 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 increased their price objective on shares of BRP from C$81.00 to C$83.00 and gave the company a "hold" rating in a research report on Monday, December 9th. Citigroup cut shares of BRP from a "buy" rating to a "neutral" rating and reduced their target price for the stock from C$90.00 to C$70.00 in a research report on Monday, February 3rd. Finally, DA Davidson dropped their price target on shares of BRP from C$96.00 to C$88.00 in a research note on Tuesday, December 10th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of C$88.17.

BRP Trading Up 0.9 %

The firm has a market cap of C$4.50 billion, a price-to-earnings ratio of 23.07, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The business's 50 day moving average price is C$71.83 and its 200-day moving average price is C$78.17. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37.

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.