BRP Inc (TSE:DOO)‘s stock had its “outperform” rating reissued by equities research analysts at BMO Capital Markets in a research note issued to investors on Tuesday. They currently have a C$46.00 price target on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 12.72% from the company’s current price.
Several other equities research analysts also recently commented on DOO. Royal Bank Of Canada boosted their target price on BRP from C$34.00 to C$36.00 and gave the stock an “outperform” rating in a report on Friday, May 26th. Desjardins upped their price target on BRP from C$35.00 to C$44.00 and gave the company a “buy” rating in a report on Friday, June 2nd. CIBC upped their price target on BRP from C$34.00 to C$42.00 in a report on Friday, June 2nd. Scotiabank upped their price target on 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 raised BRP from a “sector perform under weight” rating to an “outperfrom under weight” rating in a report on Thursday, June 1st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. BRP has an average rating of “Buy” and an average target price of C$41.13.
Shares of BRP (TSE DOO) traded down 2.65% during midday trading on Tuesday, hitting $39.73. The stock had a trading volume of 63,662 shares. The stock’s 50-day moving average is $40.27 and its 200-day moving average is $34.52. BRP has a 12 month low of $22.20 and a 12 month high of $43.88. The stock has a market cap of $4.44 billion and a PE ratio of 35.04.
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In other news, insider Bernard Guy sold 13,293 shares of the company’s stock in a transaction 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. Also, Director Michael Hanley sold 5,100 shares of the company’s stock in a transaction 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. Over the last ninety days, insiders have sold 24,693 shares of company stock worth $970,447.
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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