BRP Inc (TSE:DOO) Given New C$43.00 Price Target at Royal Bank Of Canada
BRP Inc (TSE:DOO) had its target price raised by Royal Bank Of Canada from C$36.00 to C$43.00 in a report released on Monday, July 24th. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 4.24% from the stock’s current price.
Other analysts have also issued research reports about the stock. Desjardins lifted 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. BMO Capital Markets reissued an “outperform” rating and issued a C$38.00 price target on shares of BRP in a research report on Monday, March 27th. Scotiabank boosted their price target on shares of BRP from C$32.00 to C$33.00 and gave the company an “outperform” rating in a research report on Tuesday, March 28th. CIBC boosted their price objective on shares of BRP from C$33.00 to C$34.00 in a research note on Monday, March 27th. Finally, Northcoast Research cut shares of BRP from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 27th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. BRP currently has a consensus rating of “Buy” and an average target price of C$40.00.
BRP (TSE DOO) traded up 0.22% on Monday, reaching $41.25. 55,784 shares of the company’s stock traded hands. The company’s 50 day moving average is $39.53 and its 200-day moving average is $33.42. The stock has a market cap of $4.61 billion and a price-to-earnings ratio of 36.38. BRP has a 52-week low of $22.10 and a 52-week high of $41.94.
BRP (TSE:DOO) last announced its quarterly earnings data on Friday, June 9th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.10 by $0.15. The business had revenue of $956.20 million for the quarter, compared to analyst estimates of $1.03 billion. BRP had a negative net margin of 1.93% and a negative return on equity of 47.28%. Equities analysts expect that BRP will post $2.38 EPS for the current year.
In related news, Director Michael Hanley sold 5,100 shares of the 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 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 valued at $970,447 in the last ninety days.
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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