BRP (TSE:DOO) Shares Pass Above 50 Day Moving Average - What's Next?

BRP Inc. (TSE:DOO - Get Free Report)'s stock price 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 traded.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DOO shares. Stifel Nicolaus decreased their target price on BRP from C$58.00 to C$49.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. Raymond James Financial decreased their price objective on BRP from C$98.00 to C$65.00 in a research report on Thursday, March 27th. Citigroup lifted their price target on BRP from C$49.00 to C$60.00 in a report on Tuesday, June 3rd. Baird R W lowered BRP from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Stifel Canada upgraded BRP from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 29th. Nine investment analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of C$69.79.

BRP Stock Performance

The company has a quick ratio of 0.20, a current ratio of 1.37 and a debt-to-equity ratio of 573.79. The firm has a 50-day moving average of C$59.80 and a 200 day moving average of C$60.04. The stock has a market capitalization of C$5.04 billion, a P/E ratio of 25.81, a PEG 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.