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

BRP Inc (TSE:DOO) has received an average rating of “Buy” from the ten ratings firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$53.11.

A number of brokerages recently commented on DOO. BMO Capital Markets lifted their price objective on BRP from C$50.00 to C$54.00 and gave the stock an “outperform” rating in a research note on Monday, December 4th. CIBC lifted their price objective on BRP from C$46.00 to C$54.00 in a research note on Monday, December 4th. Canaccord Genuity boosted their target price on BRP from C$51.00 to C$56.00 in a research note on Monday, December 4th. National Bank Financial boosted their target price on BRP from C$46.00 to C$49.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. Finally, Desjardins boosted their target price on BRP from C$46.00 to C$54.00 in a research note on Monday, December 4th.

Shares of BRP (TSE DOO) opened at C$51.54 on Tuesday. BRP has a 52 week low of C$25.50 and a 52 week high of C$52.17. The company has a market capitalization of $5,150.00, a price-to-earnings ratio of 19.09 and a beta of 0.97.

BRP (TSE:DOO) last announced its quarterly earnings data on Friday, December 1st. The company reported C$1.05 EPS for the quarter, topping analysts’ consensus estimates of C$0.95 by C$0.10. The company had revenue of C$1.24 billion for the quarter, compared to analyst estimates of C$1.14 billion.

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

COPYRIGHT VIOLATION WARNING: This news story was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this news story can be read at https://www.americanbankingnews.com/2018/02/13/brp-inc-doo-receives-average-rating-of-buy-from-analysts-2.html.

BRP Company Profile

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)

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

Leave a Reply