BRP (TSE:DOO) Shares Pass Below 200 Day Moving Average – Time to Sell?

BRP Inc. (TSE:DOO)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$88.05 and traded as low as C$84.79. BRP shares last traded at C$85.57, with a volume of 225,464 shares traded.

Analyst Upgrades and Downgrades

DOO has been the topic of a number of research reports. Canadian Imperial Bank of Commerce raised their price objective on BRP from C$90.00 to C$94.00 and gave the stock an “outperformer” rating in a report on Friday, May 29th. National Bank Financial increased their target price on shares of BRP from C$84.00 to C$98.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 20th. Desjardins raised their price target on shares of BRP from C$97.00 to C$103.00 and gave the company a “buy” rating in a report on Monday, June 1st. Stifel Nicolaus cut shares of BRP from a “buy” rating to a “hold” rating and reduced their price target for the company from C$92.00 to C$85.00 in a research report on Friday, May 29th. Finally, TD Securities upgraded shares of BRP from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, BRP has an average rating of “Moderate Buy” and a consensus target price of C$100.60.

BRP Stock Up 0.9%

The firm has a 50-day simple moving average of C$87.05 and a 200 day simple moving average of C$87.90. The company has a market capitalization of C$6.39 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 2.05 and a beta of 0.81. The company has a debt-to-equity ratio of 419.45, a current ratio of 1.30 and a quick ratio of 0.20.

BRP Company Profile

BRP Inc is a global leader in the world of powersports products and powertrains, built on over 80 years of ingenuity, innovation, and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on- and off-road vehicles, Quintrex boats as well as Rotax engines for karts, recreational aircraft and jet boats, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds.