BRP (DOO) PT Set at C$71.00 by National Bank Financial

BRP (TSE:DOO) received a C$71.00 price target from National Bank Financial in a research report issued to clients and investors on Wednesday, September 12th. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 24.52% from the stock’s previous close.

Several other research firms have also recently commented on DOO. Royal Bank of Canada lifted 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. BMO Capital Markets lifted their target price on shares of BRP from C$56.00 to C$68.00 in a research report on Monday, June 4th. CIBC lifted their target price on shares of BRP from C$69.00 to C$79.00 in a research report on Friday, August 31st. Finally, UBS Group lifted their price target on shares of BRP from C$54.00 to C$63.00 in a report on Friday, May 25th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. BRP presently has a consensus rating of “Buy” and an average price target of C$65.00.

Shares of DOO traded down C$1.84 during trading hours on Wednesday, hitting C$57.02. The stock had a trading volume of 825,300 shares, compared to its average volume of 228,667. BRP has a 1-year low of C$38.94 and a 1-year high of C$74.67.

BRP (TSE:DOO) last issued its earnings results on Thursday, August 30th. The company reported C$0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.31 by C$0.35. The firm had revenue of C$1.21 billion during the quarter, compared to analyst estimates of C$1.10 billion.

In other news, insider Martin Langelier sold 13,850 shares of the business’s stock in a transaction on Thursday, July 12th. The shares were sold at an average price of C$65.25, for a total transaction of C$903,712.50. Also, insider Tracy Jerry Crocker purchased 2,000 shares of BRP stock in a transaction dated Wednesday, September 19th. The shares were purchased 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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