BRP Inc (DOO) Receives Average Rating of “Buy” from Analysts

Shares of BRP Inc (TSE:DOO) have been given an average recommendation of “Buy” by the ten analysts that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$53.11.

DOO has been the subject of several research reports. Desjardins raised their target price on BRP from C$46.00 to C$54.00 in a research report on Monday, December 4th. CIBC raised their target price on BRP from C$46.00 to C$54.00 in a research report on Monday, December 4th. Canaccord Genuity raised their target price on BRP from C$51.00 to C$56.00 in a research report on Monday, December 4th. Citigroup raised their target price on BRP from C$46.00 to C$58.00 in a research report on Monday, December 11th. Finally, UBS Group upgraded BRP from a “neutral” rating to a “buy” rating and increased their price objective for the stock from C$40.00 to C$47.00 in a research note on Saturday, September 23rd.

In other BRP news, insider Pascal Gauthier sold 600 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of C$48.30, for a total transaction of C$28,980.00.

BRP (TSE:DOO) opened at C$47.51 on Friday. The company has a market capitalization of $4,740.00, a price-to-earnings ratio of 17.60 and a beta of 0.93. BRP has a 12-month low of C$25.32 and a 12-month high of C$50.05.

BRP (TSE:DOO) last issued its earnings results on Friday, December 1st. The company reported C$1.05 EPS for the quarter, topping the consensus estimate of C$0.95 by C$0.10.

The business also recently disclosed a Not Available dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, December 28th. BRP’s dividend payout ratio is currently 7.54%.

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About BRP

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.

Analyst Recommendations for BRP (TSE:DOO)

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