BRP Inc (DOO) Receives Average Recommendation of “Buy” from Brokerages
BRP Inc (TSE:DOO) has been given a consensus recommendation of “Buy” by the nine brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$41.13.
Several equities analysts recently weighed in on the stock. BMO Capital Markets restated an “outperform” rating and set a C$46.00 target price on shares of BRP in a report on Tuesday, September 5th. Desjardins lifted their target price on shares of BRP from C$44.00 to C$46.00 and gave the company a “buy” rating in a report on Wednesday, July 19th. Scotiabank lifted their target price on shares of BRP from C$41.00 to C$46.00 and gave the company an “outperform” rating in a report on Tuesday, September 5th. Royal Bank Of Canada restated an “outperform” rating and set a C$43.00 target price on shares of BRP in a report on Monday, August 21st. Finally, CIBC lifted their target price on shares of BRP from C$34.00 to C$42.00 in a report on Friday, June 2nd.
Shares of BRP (TSE DOO) opened at 40.75 on Friday. The stock has a market cap of $4.21 billion and a price-to-earnings ratio of 15.39. The stock’s 50 day moving average price is $40.69 and its 200-day moving average price is $35.39. BRP has a 52-week low of $22.20 and a 52-week high of $43.88.
In other news, Director Michael Hanley sold 5,100 shares of the business’s stock in a transaction dated 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, Director Edward Michael Philip sold 1,000 shares of the business’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of C$39.69, for a total transaction of C$39,690.00. Insiders sold a total of 24,693 shares of company stock worth $970,447 in the last quarter.
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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