BRP (TSE:DOO) Stock Passes Above 50-Day Moving Average - Time to Sell?

BRP Inc. (TSE:DOO - Get Free Report)'s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$70.71 and traded as high as C$73.00. BRP shares last traded at C$72.56, with a volume of 66,523 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DOO. Stifel Nicolaus cut their price target on shares of BRP from C$82.00 to C$78.00 and set a "hold" rating on the stock in a report on Monday, December 9th. CIBC cut their target price on shares of 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 decreased their price target on shares of BRP from C$91.00 to C$86.00 and set a "sector perform" rating for the company in a research note on Monday, December 9th. National Bankshares cut their price objective on BRP from C$93.00 to C$84.00 in a research report on Thursday, November 21st. Finally, Cibc World Mkts lowered BRP from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 9th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of C$89.83.

BRP Stock Performance

The business has a 50 day moving average price of C$70.57 and a 200 day moving average price of C$82.04. The company has a debt-to-equity ratio of 545.75, a current ratio of 1.32 and a quick ratio of 0.20. The stock has a market capitalization of C$2.50 billion, a PE ratio of 21.99, a PEG ratio of 2.05 and a beta of 2.28.

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.