BRP Inc (DOO) Earns “Outperform” Rating from BMO Capital Markets
Several other research firms have also commented on DOO. National Bank Financial raised their price objective on shares of BRP from C$45.00 to C$46.00 and gave the company an outperform rating in a research note on Friday, September 1st. Royal Bank Of Canada reissued an outperform rating and issued a C$43.00 price objective on shares of BRP in a research note on Monday, August 21st. Desjardins raised their price objective on shares of BRP from C$44.00 to C$46.00 and gave the company a buy rating in a research note on Wednesday, July 19th. Northcoast Research lowered shares of BRP from a buy rating to a neutral rating in a research note on Tuesday, June 27th. Finally, Scotiabank raised their price objective on shares of BRP from C$33.00 to C$41.00 and gave the company an outperform rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of C$41.13.
Shares of BRP (DOO) opened at 40.16 on Tuesday. BRP has a one year low of $22.20 and a one year high of $43.88. The company has a market cap of $4.49 billion and a price-to-earnings ratio of 35.41. The company’s 50-day moving average is $40.39 and its 200-day moving average is $34.86.
TRADEMARK VIOLATION NOTICE: This article was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://www.thecerbatgem.com/2017/09/08/brp-inc-doo-earns-outperform-rating-from-bmo-capital-markets.html.
In related news, insider Bernard Guy sold 13,293 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of C$39.00, for a total value of C$518,427.00. Also, Director Michael Hanley sold 5,100 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of C$40.30, for a total transaction of C$205,530.00. In the last ninety days, insiders sold 24,693 shares of company stock worth $970,447.
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.
Receive News & Stock Ratings for BRP Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRP Inc and related stocks with our FREE daily email newsletter.