GMP Securities initiated coverage on shares of BRP (NASDAQ:DOOO) in a report published on Monday morning, The Fly reports. The firm issued a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. Robert W. Baird began coverage on shares of BRP in a research note on Tuesday, October 9th. They issued an outperform rating on the stock. Desjardins reiterated a buy rating on shares of BRP in a research note on Tuesday, October 9th. UBS Group began coverage on shares of BRP in a research note on Tuesday, October 9th. They issued a buy rating on the stock. National Bank Financial reiterated a buy rating on shares of BRP in a research note on Tuesday, November 27th. Finally, Canaccord Genuity reiterated a buy rating on shares of BRP in a research note on Sunday, December 2nd. One research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of Buy.

Shares of DOOO stock opened at $30.36 on Monday. BRP has a 1 year low of $29.70 and a 1 year high of $55.41.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Friday, December 28th will be given a $0.0679 dividend. This represents a $0.27 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Thursday, December 27th.

Several institutional investors and hedge funds have recently made changes to their positions in the company. FIL Ltd bought a new position in shares of BRP in the 3rd quarter valued at about $231,813,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of BRP in the 3rd quarter valued at about $72,189,000. TIAA CREF Investment Management LLC bought a new position in shares of BRP in the 3rd quarter valued at about $71,037,000. Acadian Asset Management LLC bought a new position in shares of BRP in the 3rd quarter valued at about $60,839,000. Finally, American Century Companies Inc. bought a new position in shares of BRP in the 3rd quarter valued at about $48,156,000. 28.61% of the stock is owned by institutional investors.

About BRP

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.

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Analyst Recommendations for BRP (NASDAQ:DOOO)

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