BRP Inc (DOOO) Given Average Recommendation of “Buy” by Brokerages

Shares of BRP Inc (NASDAQ:DOOO) have earned a consensus broker rating score of 2.00 (Buy) from the seven analysts that cover the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and three have given a strong buy recommendation to the company.

Analysts have set a 1 year consensus price objective of $53.48 for the company, according to Zacks. Zacks has also assigned BRP an industry rank of 174 out of 255 based on the ratings given to its competitors.

DOOO has been the subject of several research analyst reports. Robert W. Baird initiated coverage on shares of BRP in a research report on Tuesday. They issued an “outperform” rating for the company. Royal Bank of Canada raised shares of BRP from a “sector perform” rating to an “outperform” rating in a research report on Tuesday. UBS Group initiated coverage on shares of BRP in a research report on Tuesday. They issued a “buy” rating for the company. Finally, National Bank Financial raised shares of BRP from a “sector perform overweight” rating to an “outperform overweight” rating in a research report on Tuesday.

An institutional investor recently bought a new position in BRP stock. Bank of Montreal Can purchased a new stake in shares of BRP Inc (NASDAQ:DOOO) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 847,217 shares of the company’s stock, valued at approximately $39,716,000. Bank of Montreal Can owned 0.87% of BRP at the end of the most recent reporting period.

Shares of NASDAQ:DOOO traded up $1.56 on Friday, hitting $43.65. The company had a trading volume of 58,600 shares, compared to its average volume of 75,630. BRP has a 1 year low of $31.70 and a 1 year high of $55.41.

BRP Company Profile

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.

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