BRP (DOOO) Hits New 12-Month Low at $29.82

BRP Inc (NASDAQ:DOOO) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $29.82 and last traded at $29.81, with a volume of 2092 shares trading hands. The stock had previously closed at $32.44.

Several brokerages have issued reports on DOOO. Royal Bank of Canada upgraded shares of BRP from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, October 9th. National Bank Financial upgraded shares of BRP from a “sector perform overweight” rating to an “outperform overweight” rating in a research report on Tuesday, October 9th. Robert W. Baird began coverage on shares of BRP in a research report on Tuesday, October 9th. They set an “outperform” rating for the company. GMP Securities began coverage on shares of BRP in a report on Monday, December 3rd. They issued a “buy” rating for the company. Finally, Zacks Investment Research lowered shares of BRP from a “hold” rating to a “sell” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. The company has an average rating of “Buy”.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Friday, December 28th will be issued a $0.0679 dividend. The ex-dividend date of this dividend is Thursday, December 27th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 0.93%.

Institutional investors and hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of BRP in the 3rd quarter worth approximately $100,000. Shell Asset Management Co. bought a new stake in shares of BRP in the 3rd quarter worth approximately $177,000. Annex Advisory Services LLC bought a new stake in shares of BRP in the 3rd quarter worth approximately $272,000. CLARET ASSET MANAGEMENT Corp bought a new stake in shares of BRP in the 3rd quarter worth approximately $300,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of BRP in the 3rd quarter worth approximately $300,000. Hedge funds and other institutional investors own 28.61% of the company’s stock.

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BRP Company Profile (NASDAQ:DOOO)

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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