BRP (TSE:DOO) Shares Pass Above 50 Day Moving Average – Time to Sell?

BRP Inc. (TSE:DOO) passed 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.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DOO. Raymond James lowered their price objective on BRP from C$100.00 to C$98.00 in a research report on Monday, December 9th. Canaccord Genuity Group dropped their target price on shares of BRP from C$88.00 to C$80.00 in a research report on Wednesday, November 27th. Stifel Nicolaus cut their target price on shares of BRP from C$82.00 to C$78.00 and set a “hold” rating for the company in a research note on Monday, December 9th. Desjardins lowered BRP from a “moderate buy” rating to a “hold” rating in a research note on Sunday, September 8th. Finally, CIBC reduced their price target on shares of BRP from C$92.00 to C$82.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$89.83.

BRP Stock Performance

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

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.