BRP (DOO) Price Target Cut to C$74.00 by Analysts at Desjardins
BRP (TSE:DOO) had its price objective lowered by Desjardins from C$78.00 to C$74.00 in a research note published on Monday. Desjardins also issued estimates for BRP’s Q4 2019 earnings at $0.77 EPS and FY2019 earnings at $3.01 EPS.
Several other analysts have also issued reports on the company. Royal Bank of Canada upgraded BRP from a sector perform rating to an outperform rating and set a C$70.00 price objective for the company in a report on Tuesday, October 9th. BMO Capital Markets increased their price objective on BRP from C$70.00 to C$76.00 and gave the stock an outperform rating in a report on Tuesday, September 4th. National Bank Financial set a C$71.00 price objective on BRP and gave the stock a sector perform rating in a report on Wednesday, September 12th. Robert W. Baird cut their price objective on BRP from C$75.00 to C$65.00 and set an outperform rating for the company in a report on Tuesday, October 9th. Finally, CIBC increased their price objective on BRP from C$69.00 to C$79.00 in a report on Friday, August 31st. Five equities research analysts have rated the stock with a buy rating, BRP currently has a consensus rating of Buy and a consensus price target of C$65.13.
Shares of TSE:DOO opened at C$40.60 on Monday. BRP has a 1 year low of C$39.69 and a 1 year high of C$74.67.
In other BRP news, insider Tracy Jerry Crocker bought 2,000 shares of the stock in a transaction on Wednesday, September 19th. The shares were purchased at an average cost of C$45.80 per share, with a total value of C$91,600.00.
BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and propulsion systems worldwide. The company offers all-terrain, side-by-side, and spyder vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircrafts.
See Also: Systematic Risk
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