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

Shares of BRP Inc. (TSE:DOO - Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$95.02 and traded as high as C$100.84. BRP shares last traded at C$100.48, with a volume of 175,539 shares trading hands.Analysts Set New Price TargetsThese 2 Powersports Stocks Can Rev Up Your Portfolio Several equities analysts recently weighed in on DOO shares. BMO Capital Markets boosted their price objective on BRP from C$105.00 to C$115.00 and gave the stock an "outperform" rating in a research report on Friday, December 5th. National Bankshares raised BRP from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from C$105.00 to C$125.00 in a research report on Friday, December 5th. Loop Capital raised BRP to a "strong-buy" rating in a research report on Thursday, November 13th. Cibc World Mkts upgraded shares of BRP from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 1st. Finally, Stifel Nicolaus boosted their target price on shares of BRP from C$106.00 to C$120.00 and gave the stock a "buy" rating in a research report on Friday, December 5th. Four analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, BRP presently has a consensus rating of "Buy" and an average price target of C$110.83.Check Out Our Latest Analysis on BRPBRP Stock PerformanceThe firm has a fifty day simple moving average of C$95.02 and a 200 day simple moving average of C$83.13. The company has a current ratio of 1.37, a quick ratio of 0.20 and a debt-to-equity ratio of 573.79. The stock has a market cap of C$10.52 billion, a price-to-earnings ratio of 304.48, a PEG ratio of 2.05 and a beta of 1.07. BRP Announces DividendThe firm also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Tuesday, October 14th were paid a dividend of $0.215 per share. The ex-dividend date was Monday, September 29th. This represents a $0.86 dividend on an annualized basis and a yield of 0.9%. BRP's payout ratio is currently 259.09%. BRP Company Profile (Get Free Report)BRP designs, develops, manufactures, distributes, and markets snowmobiles, all-terrain vehicles, and personal watercraft under the Ski-Doo, Sea-Doo, Can-Am, and Lynx brand names. It also builds engines under the Rotax brand (after discontinuing the Evinrude outboard engine business in 2020) and offers clothing, parts, and accessories that cater to its core consumers. In 2018, BRP created a marine group, acquiring boat manufacturers Alumacraft, Triton (which makes Manitou pontoon boats), and Telwater (in Australia).Featured ArticlesFive stocks we like better than BRPDo not delete, read immediatelyINVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting OffCan Any Expenses Be Deducted From Capital Gains Tax?Buffett, Gates and Bezos Quietly Dumping Stocks—Here's WhyThe Last Gold Bull Market This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in BRP Right Now?Before you consider BRP, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BRP wasn't on the list.While BRP currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here