BRP (TSE:DOO) had its target price lifted by stock analysts at Royal Bank of Canada from C$61.00 to C$70.00 in a research note issued on Friday. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 2.71% from the company’s current price.

A number of other equities research analysts also recently issued reports on the stock. National Bank Financial increased their price target on shares of BRP from C$66.00 to C$67.00 and gave the stock a “sector perform” rating in a report on Thursday, August 16th. BMO Capital Markets increased their price target on shares of BRP from C$56.00 to C$68.00 in a report on Monday, June 4th. Finally, UBS Group increased their price target on shares of BRP from C$54.00 to C$63.00 in a report on Friday, May 25th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$64.11.

TSE:DOO traded down C$2.07 on Friday, reaching C$68.15. 131,153 shares of the company’s stock were exchanged, compared to its average volume of 202,561. BRP has a 52 week low of C$38.81 and a 52 week high of C$74.67.

BRP (TSE:DOO) last issued its earnings results on Thursday, May 31st. The company reported C$0.52 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.27 by C$0.25. The business had revenue of C$1.14 billion for the quarter, compared to the consensus estimate of C$1.02 billion.

In related news, insider Breton Anne Le sold 6,374 shares of the firm’s stock in a transaction that occurred on Tuesday, June 12th. The shares were sold at an average price of C$63.26, for a total value of C$403,219.24. Also, insider S├ębastien Martel sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 4th. The shares were sold at an average price of C$60.86, for a total transaction of C$1,217,200.00. Over the last three months, insiders sold 72,224 shares of company stock worth $4,502,692.

About BRP

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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Analyst Recommendations for BRP (TSE:DOO)

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