BRP Inc (TSE:DOO)‘s stock had its “outperform” rating restated by analysts at BMO Capital Markets in a research report issued on Tuesday, September 5th. They currently have a C$46.00 target price on the stock. BMO Capital Markets’ target price suggests a potential upside of 15.72% from the company’s current price.
DOO has been the topic of a number of other reports. 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. Royal Bank Of Canada upped their price target on shares of BRP from C$34.00 to C$36.00 and gave the stock an “outperform” rating in a report on Friday, May 26th. Scotiabank upped their price target on shares of BRP from C$33.00 to C$41.00 and gave the stock an “outperform” rating in a report on Friday, June 2nd. Northcoast Research lowered shares of BRP from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 27th. Finally, Desjardins upped their price objective on shares of BRP from C$35.00 to C$44.00 and gave the stock a “buy” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of C$41.13.
Shares of BRP (TSE DOO) traded up 2.79% during midday trading on Tuesday, reaching $40.86. 75,188 shares of the company traded hands. The company has a 50-day moving average of $40.46 and a 200 day moving average of $35.07. BRP has a 12-month low of $22.20 and a 12-month high of $43.88. The firm has a market capitalization of $4.57 billion and a PE ratio of 36.03.
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In related news, Director Michael Hanley sold 5,100 shares of the stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of C$40.30, for a total value of C$205,530.00. Also, insider Bernard Guy sold 13,293 shares of the stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of C$39.00, for a total transaction of C$518,427.00. In the last quarter, insiders sold 24,693 shares of company stock worth $970,447.
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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