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

BRP Inc. (TSE:DOO) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty 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 traded.

Wall Street Analysts Forecast Growth

DOO has been the topic of a number of analyst reports. BMO Capital Markets dropped their price objective on shares of BRP from C$115.00 to C$100.00 in a research note on Monday, September 9th. DA Davidson lowered their price objective on BRP from C$96.00 to C$88.00 in a research note on Tuesday, December 10th. Cibc World Mkts cut shares of BRP from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th. Royal Bank of Canada dropped their price target on BRP from C$108.00 to C$99.00 in a research report on Monday, September 9th. Finally, Scotiabank decreased their target price on 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. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, BRP currently has an average rating of “Hold” and a consensus target price of C$89.83.

BRP Price Performance

The stock’s 50 day moving average price is C$70.57 and its two-hundred day moving average price is C$82.04. The company has a quick ratio of 0.20, a current ratio of 1.32 and a debt-to-equity ratio of 545.75. The firm has a market capitalization of C$2.50 billion, a price-to-earnings ratio of 21.99, a P/E/G ratio of 2.05 and a beta of 2.28.

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.