BMO Capital Markets Reaffirms “Outperform” Rating for BRP (DOO)
Several other research analysts have also commented on DOO. CIBC raised their price target on BRP from C$46.00 to C$54.00 in a research report on Monday, December 4th. Canaccord Genuity raised their price target on BRP from C$51.00 to C$56.00 in a research report on Monday, December 4th. Royal Bank of Canada raised their price target on BRP from C$43.00 to C$44.00 and gave the stock an outperform rating in a research report on Tuesday, September 5th. National Bank Financial raised their price target on BRP from C$42.00 to C$45.00 and gave the stock an outperform rating in a research report on Wednesday, August 16th. Finally, UBS upgraded BRP from a neutral rating to a buy rating and raised their price target for the stock from C$40.00 to C$47.00 in a research report on Saturday, September 23rd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. BRP currently has a consensus rating of Buy and a consensus price target of C$53.11.
BRP (TSE:DOO) opened at C$47.65 on Tuesday. BRP has a 52-week low of C$25.32 and a 52-week high of C$50.05.
In related news, insider Sandy Scullion sold 700 shares of BRP stock in a transaction on Monday, October 16th. The stock was sold at an average price of C$40.70, for a total value of C$28,490.00. Also, insider Pascal Gauthier sold 600 shares of BRP stock in a transaction on Friday, December 8th. The shares were sold at an average price of C$48.30, for a total value of C$28,980.00. Over the last quarter, insiders sold 40,775 shares of company stock valued at $1,680,185.
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BRP Company Profile
BRP Inc is engaged in the design, development, manufacturing, distribution and marketing of power sports vehicles and propulsion systems. The Company manufactures and sells Year-Round Products consisting of all-terrain vehicles (ATVs), side-by-side vehicles (SSVs) and roadsters; Seasonal Products consisting of snowmobiles and personal watercrafts (PWCs), and Propulsion Products consisting of engines for outboard and jet boats, karts, motorcycles and recreational aircraft.
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