BMO Capital Markets Reaffirms Outperform Rating for BRP Inc (DOO)

BRP Inc (TSE:DOO)‘s stock had its “outperform” rating reiterated by stock analysts at BMO Capital Markets in a research note issued on Tuesday, September 5th. They currently have a C$46.00 price objective on the stock. BMO Capital Markets’ price objective indicates a potential upside of 12.47% from the stock’s previous close.

Several other equities analysts also recently weighed in on DOO. Royal Bank Of Canada raised their target price on shares of BRP from C$34.00 to C$36.00 and gave the company an “outperform” rating in a report on Friday, May 26th. Desjardins raised their target price on shares of BRP from C$35.00 to C$44.00 and gave the company a “buy” rating in a report on Friday, June 2nd. CIBC raised their target price on shares of BRP from C$34.00 to C$42.00 in a report on Friday, June 2nd. Scotiabank raised their target price on shares of BRP from C$33.00 to C$41.00 and gave the company an “outperform” rating in a report on Friday, June 2nd. Finally, National Bank Financial upgraded shares of BRP from a “sector perform under weight” rating to an “outperfrom under weight” rating in a report on Thursday, June 1st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of C$41.13.

BRP (TSE:DOO) traded up 0.32% on Tuesday, reaching $40.90. 87,605 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $40.76 and a 200-day moving average price of $35.74. BRP has a 1-year low of $22.20 and a 1-year high of $43.88. The company has a market capitalization of $4.23 billion and a P/E ratio of 15.45.

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In other BRP news, Director Michael Hanley sold 5,100 shares of the firm’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of C$40.30, for a total transaction of C$205,530.00. Also, insider Bernard Guy sold 13,293 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of C$39.00, for a total transaction of C$518,427.00. Insiders have sold a total of 24,693 shares of company stock worth $970,447 over the last ninety days.

About BRP

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.

Analyst Recommendations for BRP (TSE:DOO)

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