BRP Inc (DOO) Given Average Rating of “Buy” by Analysts
BRP Inc (TSE:DOO) has earned an average recommendation of “Buy” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$44.25.
Several equities research analysts recently issued reports on DOO shares. UBS AG upgraded shares of BRP from a “neutral” rating to a “buy” rating and raised their price objective for the stock from C$40.00 to C$47.00 in a research report on Saturday, September 23rd. Desjardins raised their price objective on shares of BRP from C$44.00 to C$46.00 and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Northcoast Research cut shares of BRP from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 27th. BMO Capital Markets raised their price objective on shares of BRP from C$46.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Monday, September 25th. Finally, Scotiabank raised their price objective on shares of BRP from C$41.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 5th.
BRP (DOO) opened at 40.97 on Wednesday. The stock has a market capitalization of $4.23 billion and a PE ratio of 15.48. BRP has a 1-year low of $22.20 and a 1-year high of $45.68. The company’s 50 day moving average is $41.24 and its 200-day moving average is $37.32.
In other BRP news, insider Martin Langelier sold 38,775 shares of BRP stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of C$41.00, for a total transaction of C$1,589,775.00.
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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