BRP Inc (DOO) Price Target Raised to C$44.00
BRP Inc (TSE:DOO) had its price objective lifted by Royal Bank Of Canada from C$43.00 to C$44.00 in a research report sent to investors on Tuesday. They currently have an outperform rating on the stock.
Several other research firms have also commented on DOO. BMO Capital Markets restated an outperform rating and set a C$46.00 price target on shares of BRP in a research report on Tuesday. National Bank Financial lifted their target price on BRP from C$45.00 to C$46.00 and gave the company an outperform rating in a report on Friday, September 1st. Scotiabank lifted their target price on BRP from C$33.00 to C$41.00 and gave the company an outperform rating in a report on Friday, June 2nd. Northcoast Research lowered BRP from a buy rating to a neutral rating in a report on Tuesday, June 27th. Finally, CIBC lifted their target price on BRP from C$34.00 to C$42.00 in a report on Friday, June 2nd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of C$41.13.
Shares of BRP (DOO) opened at 39.68 on Tuesday. BRP has a 12 month low of $22.20 and a 12 month high of $43.88. The firm’s 50-day moving average price is $40.40 and its 200-day moving average price is $34.89. The company has a market capitalization of $4.44 billion and a price-to-earnings ratio of 34.99.
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In related news, Director Edward Michael Philip sold 1,000 shares of BRP stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of C$39.69, for a total value of C$39,690.00. Also, Director Michael Hanley sold 5,100 shares of BRP stock in a transaction on Friday, June 23rd. The shares were sold at an average price of C$40.30, for a total value of C$205,530.00. Over the last quarter, insiders sold 24,693 shares of company stock valued at $970,447.
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.
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