BMO Capital Markets Reaffirms “Outperform” Rating for BRP (DOO)

BMO Capital Markets restated their outperform rating on shares of BRP (TSE:DOO) in a research note published on Tuesday morning. They currently have a C$54.00 price objective on the stock.

Other research analysts also recently issued reports about the stock. Royal Bank of Canada restated an outperform rating and set a C$43.00 target price on shares of BRP in a research report on Monday, August 21st. Scotiabank boosted their target price on shares of BRP from C$41.00 to C$46.00 and gave the company an outperform rating in a research report on Tuesday, September 5th. CIBC boosted their target price on shares of BRP from C$46.00 to C$54.00 in a research report on Monday, December 4th. Desjardins restated a buy rating on shares of BRP in a research report on Tuesday, October 17th. Finally, National Bank Financial lifted their price objective on shares of BRP from C$42.00 to C$45.00 and gave the company an outperform rating in a report on Wednesday, August 16th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of C$53.11.

BRP (TSE DOO) opened at C$48.40 on Tuesday. BRP has a 1 year low of C$25.32 and a 1 year high of C$50.05.

The firm also recently declared a Not Available dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, December 28th. BRP’s payout ratio is presently 7.54%.

In related news, insider Sandy Scullion sold 700 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of C$40.70, for a total transaction of C$28,490.00. Also, insider Pascal Gauthier sold 600 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of C$48.30, for a total transaction of C$28,980.00. Insiders have sold 40,275 shares of company stock worth $1,655,185 over the last 90 days.

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BRP Company Profile

BRP Inc is engaged in the design, development, manufacturing, distribution and marketing of power sports vehicles and propulsion systems. The Company manufactures and sells Year-Round Products consisting of all-terrain vehicles (ATVs), side-by-side vehicles (SSVs) and roadsters; Seasonal Products consisting of snowmobiles and personal watercrafts (PWCs), and Propulsion Products consisting of engines for outboard and jet boats, karts, motorcycles and recreational aircraft.

Analyst Recommendations for BRP (TSE:DOO)

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