BRP (TSE:DOO) Reaches New 1-Year Low – Here’s Why

BRP Inc. (TSE:DOO)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$50.77 and last traded at C$50.78, with a volume of 204926 shares traded. The stock had previously closed at C$54.53.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. CIBC lowered their price objective on shares of BRP from C$92.00 to C$82.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. Stifel Nicolaus dropped their price objective on BRP from C$82.00 to C$78.00 and set a “hold” rating for the company in a report on Monday, December 9th. TD Securities reduced their target price on BRP from C$83.00 to C$70.00 and set a “hold” rating on the stock in a research note on Tuesday, March 11th. Raymond James dropped their price target on BRP from C$100.00 to C$98.00 in a research note on Monday, December 9th. Finally, Canaccord Genuity Group reduced their price objective on shares of BRP from C$80.00 to C$60.00 in a research report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$81.85.

BRP Trading Down 6.9 %

The stock’s fifty day simple moving average is C$62.54 and its two-hundred day simple moving average is C$70.49. The firm has a market cap of C$3.73 billion, a PE ratio of 19.14, a PEG ratio of 2.05 and a beta of 2.28. The company has a quick ratio of 0.20, a current ratio of 1.37 and a debt-to-equity ratio of 573.79.

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.