BRP (TSE:DOO) Share Price Crosses Above Fifty Day Moving Average - Should You Sell?

BRP Inc. (TSE:DOO - Get Free Report) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$58.89 and traded as high as C$71.30. BRP shares last traded at C$69.28, with a volume of 119,208 shares.

Analyst Ratings Changes

Several analysts have weighed in on the company. Desjardins raised BRP from a "hold" rating to a "moderate buy" rating in a research report on Thursday, May 29th. Raymond James Financial decreased their target price on shares of BRP from C$98.00 to C$65.00 in a research note on Thursday, March 27th. Stifel Canada raised shares of BRP from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 29th. BMO Capital Markets dropped their target price on shares of BRP from C$100.00 to C$70.00 in a report on Thursday, March 27th. Finally, Royal Bank Of Canada decreased their price target on BRP from C$99.00 to C$69.00 in a report on Friday, March 28th. Nine research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of C$69.79.

BRP Stock Down 0.4%

The firm has a market capitalization of C$5.08 billion, a PE ratio of 26.01, a P/E/G ratio of 2.05 and a beta of 2.28. The firm's 50 day moving average price is C$58.89 and its two-hundred day moving average price is C$60.00. 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.