BRP (DOO) Hits New 12-Month High at $52.17
BRP Inc (TSE:DOO) reached a new 52-week high during trading on Thursday . The company traded as high as C$52.17 and last traded at C$52.00, with a volume of 89331 shares traded. The stock had previously closed at C$50.86.
A number of research firms recently commented on DOO. Desjardins boosted their target price on BRP from C$46.00 to C$54.00 in a research report on Monday, December 4th. Canaccord Genuity boosted their price objective on BRP from C$51.00 to C$56.00 in a research note on Monday, December 4th. Royal Bank of Canada cut BRP from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from C$44.00 to C$49.00 in a research note on Monday, December 4th. Citigroup boosted their price objective on BRP from C$46.00 to C$58.00 in a research note on Monday, December 11th. Finally, National Bank Financial boosted their price objective on BRP from C$46.00 to C$49.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. BRP has a consensus rating of “Buy” and an average target price of C$53.11.
The firm has a market cap of $5,120.00, a P/E ratio of 18.77 and a beta of 0.97.
The firm also recently announced a Not Available dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, December 28th. BRP’s dividend payout ratio is 7.53%.
In other news, insider Pascal Gauthier sold 600 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of C$48.30, for a total transaction of C$28,980.00.
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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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