BRP Inc (DOO) Receives Consensus Rating of “Buy” from Analysts

BRP Inc (TSE:DOO) has been given a consensus recommendation of “Buy” by the ten brokerages that are covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have covered the stock in the last year is C$67.00.

Several equities research analysts have commented on the stock. BMO Capital Markets boosted their target price on shares of BRP from C$70.00 to C$76.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 4th. National Bank Financial boosted their target price on shares of BRP from C$67.00 to C$71.00 and gave the stock a “sector perform” rating in a research report on Friday, August 31st. Royal Bank of Canada boosted their target price on shares of BRP from C$61.00 to C$70.00 and gave the stock a “sector perform” rating in a research report on Friday, August 31st. CIBC boosted their target price on shares of BRP from C$69.00 to C$79.00 in a research report on Friday, August 31st. Finally, Robert W. Baird decreased their target price on shares of BRP from C$75.00 to C$65.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 9th.

TSE:DOO traded down C$0.43 during midday trading on Thursday, reaching C$44.06. The stock had a trading volume of 39,853 shares, compared to its average volume of 238,521. BRP has a 12-month low of C$40.99 and a 12-month high of C$74.67.

BRP (TSE:DOO) last posted its quarterly earnings data on Thursday, August 30th. The company reported C$0.66 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.31 by C$0.35. The firm had revenue of C$1.21 billion during the quarter, compared to analysts’ expectations of C$1.10 billion. Analysts forecast that BRP will post 3.62999987022241 earnings per share for the current fiscal year.

In other news, insider Tracy Jerry Crocker purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, September 19th. The stock was acquired at an average price of C$45.80 per share, with a total value of C$91,600.00.

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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