BRP (DOOO) Hits New 52-Week Low at $29.82

BRP Inc (NASDAQ:DOOO)’s share price reached a new 52-week low on Thursday . The stock traded as low as $29.82 and last traded at $29.81, with a volume of 2092 shares traded. The stock had previously closed at $32.44.

Several research firms have recently weighed in on DOOO. Zacks Investment Research downgraded shares of BRP from a “hold” rating to a “sell” rating in a research note on Tuesday. GMP Securities began coverage on shares of BRP in a research note on Monday, December 3rd. They issued a “buy” rating for the company. Canaccord Genuity reiterated a “buy” rating on shares of BRP in a research note on Sunday, December 2nd. National Bank Financial reiterated a “buy” rating on shares of BRP in a research note on Tuesday, November 27th. Finally, Desjardins reiterated a “buy” rating on shares of BRP in a research note on Tuesday, October 9th. One analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy”.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Friday, December 28th will be given 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%.

Hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of BRP in the third quarter valued at approximately $100,000. Shell Asset Management Co. bought a new position in shares of BRP in the third quarter valued at approximately $177,000. Annex Advisory Services LLC bought a new position in shares of BRP in the third quarter valued at approximately $272,000. Bank of New York Mellon Corp bought a new position in shares of BRP in the third quarter valued at approximately $300,000. Finally, CLARET ASSET MANAGEMENT Corp bought a new position in shares of BRP in the third quarter valued at approximately $300,000. Institutional investors own 28.61% of the company’s stock.

WARNING: This piece of content was originally posted by XNewsPress and is the sole property of of XNewsPress. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://xnewspress.com/news/2018/12/08/brp-dooo-hits-new-52-week-low-at-29-82.html.

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.

Featured Article: Cost of equity and a company’s balance sheet

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