BRP’s (DOO) Outperform Rating Reiterated at BMO Capital Markets

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.

COPYRIGHT VIOLATION NOTICE: This piece was originally reported by Week Herald and is the property of of Week Herald. If you are reading this piece on another site, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The original version of this piece can be read at https://weekherald.com/2017/09/05/brps-doo-outperform-rating-reiterated-at-bmo-capital-markets.html.

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.

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.

Analyst Recommendations for BRP (TSE:DOO)




Receive News & Ratings for BRP Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for BRP Inc and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

10 + 14 =