BRP (TSE:DOO) Stock Passes Below 200 Day Moving Average - Time to Sell?

BRP Inc. (TSE:DOO - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$82.81 and traded as low as C$72.59. BRP shares last traded at C$74.46, with a volume of 313,557 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on DOO shares. Citigroup decreased their target price on BRP from C$101.00 to C$90.00 and set a "buy" rating for the company in a research note on Monday, December 9th. Desjardins cut shares of BRP from a "moderate buy" rating to a "hold" rating in a research note on Sunday, September 8th. Cibc World Mkts lowered shares of BRP from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 9th. BMO Capital Markets cut their price objective on BRP from C$115.00 to C$100.00 in a research report on Monday, September 9th. Finally, DA Davidson cut their target price on BRP from C$96.00 to C$88.00 in a research report on Tuesday, December 10th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, BRP presently has a consensus rating of "Hold" and a consensus price target of C$89.83.

BRP Stock Performance

The company has a current ratio of 1.32, a quick ratio of 0.20 and a debt-to-equity ratio of 545.75. The firm has a market capitalization of C$2.61 billion, a PE ratio of 22.92, a PEG ratio of 2.05 and a beta of 2.28. The firm's fifty day moving average price is C$71.21 and its 200 day moving average price is C$82.70.

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.