Shares of BRP Inc (TSE:DOO) have been assigned an average rating of “Buy” from the ten research firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$53.33.
A number of research firms have weighed in on DOO. Desjardins raised their price target on BRP from C$46.00 to C$54.00 in a research report on Monday, December 4th. Canaccord Genuity raised their price target on BRP from C$51.00 to C$56.00 in a research report on Monday, December 4th. National Bank Financial downgraded BRP from an “outperform overweight” rating to a “sector perform overweight” rating and raised their price target for the company from C$52.00 to C$54.00 in a research report on Wednesday. Citigroup raised their price target on BRP from C$46.00 to C$58.00 in a research report on Monday, December 11th. Finally, Royal Bank of Canada downgraded BRP from an “outperform” rating to a “sector perform” rating and raised their price target for the company from C$44.00 to C$49.00 in a research report on Monday, December 4th.
BRP (TSE DOO) traded down C$0.72 during trading hours on Tuesday, reaching C$49.00. The company had a trading volume of 170,900 shares, compared to its average volume of 152,303. The company has a market capitalization of $4,990.00, a price-to-earnings ratio of 18.15 and a beta of 0.97. BRP has a 12 month low of C$25.50 and a 12 month high of C$53.24.
BRP (TSE:DOO) last posted its quarterly earnings data on Friday, December 1st. The company reported C$1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.95 by C$0.10. The business had revenue of C$1.24 billion for the quarter, compared to the consensus estimate of C$1.14 billion.
In other BRP news, insider Pascal Gauthier sold 600 shares of the firm’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.
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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.
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