BRP (DOOO) Coverage Initiated at GMP Securities

GMP Securities started coverage on shares of BRP (NASDAQ:DOOO) in a report issued on Monday, The Fly reports. The brokerage issued a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Canaccord Genuity reissued a buy rating on shares of BRP in a research note on Sunday. National Bank Financial reissued a buy rating on shares of BRP in a research note on Tuesday, November 27th. Desjardins reissued a buy rating on shares of BRP in a research note on Tuesday, October 9th. UBS Group initiated coverage on shares of BRP in a research note on Tuesday, October 9th. They issued a buy rating on the stock. Finally, Royal Bank of Canada raised shares of BRP from a sector perform rating to an outperform rating in a research note on Tuesday, October 9th. Seven investment analysts have rated the stock with a buy rating, BRP presently has an average rating of Buy.

BRP stock opened at $33.73 on Monday. BRP has a 1 year low of $30.23 and a 1 year high of $55.41.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 11th. Shareholders of record on Friday, December 28th will be paid a dividend of $0.0679 per share. The ex-dividend date of this dividend is Thursday, December 27th. This represents a $0.27 annualized dividend and a yield of 0.81%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in BRP during the 3rd quarter worth $100,000. Shell Asset Management Co. acquired a new stake in BRP during the 3rd quarter worth $177,000. Annex Advisory Services LLC acquired a new stake in BRP during the 3rd quarter worth $272,000. CLARET ASSET MANAGEMENT Corp acquired a new stake in BRP during the 3rd quarter worth $300,000. Finally, Bank of New York Mellon Corp acquired a new stake in BRP during the 3rd quarter worth $300,000. 28.61% of the stock is currently owned by institutional investors.

BRP Company Profile

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.

Read More: How is Preferred Stock Different from Common Stock?

The Fly

Analyst Recommendations for BRP (NASDAQ:DOOO)

Receive News & Ratings for BRP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRP and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply