BRP (TSE:DOO) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

BRP Inc. (TSE:DOO)’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.

Analysts Set New Price Targets

Several research firms have commented on DOO. Canaccord Genuity Group lowered their price target on shares of BRP from C$88.00 to C$80.00 in a report on Wednesday, November 27th. Cibc World Mkts lowered BRP from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th. Royal Bank of Canada decreased their price target on BRP from C$108.00 to C$99.00 in a report on Monday, September 9th. Desjardins lowered BRP from a “moderate buy” rating to a “hold” rating in a research report on Sunday, September 8th. Finally, Scotiabank cut their target price on shares of BRP from C$91.00 to C$86.00 and set a “sector perform” rating for the company in a report on Monday, December 9th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$89.83.

BRP Trading Up 0.2 %

The firm has a market cap of C$2.50 billion, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The company’s 50-day moving average price is C$70.57 and its 200-day moving average price is C$82.06. The company has a quick ratio of 0.20, a current ratio of 1.32 and a debt-to-equity ratio of 545.75.

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.