Bombardier Recreational Products (DOO) Earns Sector Perform Rating from Royal Bank of Canada

Bombardier Recreational Products (TSE:DOO)‘s stock had its “sector perform” rating restated by equities researchers at Royal Bank of Canada in a note issued to investors on Wednesday, March 14th. They currently have a C$49.00 price target on the stock. Royal Bank of Canada’s target price points to a potential downside of 3.09% from the stock’s current price.

Several other analysts also recently issued reports on DOO. Canaccord Genuity lifted their price target on Bombardier Recreational Products from C$50.00 to C$51.00 and gave the company a “buy” rating in a research note on Wednesday, November 22nd. BMO Capital Markets lifted their target price on Bombardier Recreational Products from C$50.00 to C$54.00 and gave the company an “outperform” rating in a research report on Monday, December 4th. CIBC lifted their target price on Bombardier Recreational Products from C$46.00 to C$54.00 in a research report on Monday, December 4th. Desjardins lifted their target price on Bombardier Recreational Products from C$46.00 to C$54.00 in a research report on Monday, December 4th. Finally, National Bank Financial lifted their target price on Bombardier Recreational Products from C$49.00 to C$52.00 and gave the company an “outperform” rating in a research report on Monday, December 4th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$54.78.

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Shares of DOO traded up C$0.06 during midday trading on Wednesday, hitting C$50.56. The stock had a trading volume of 174,093 shares, compared to its average volume of 183,590. Bombardier Recreational Products has a twelve month low of C$31.14 and a twelve month high of C$53.24.

Bombardier Recreational Products (TSE:DOO) last released its quarterly earnings results on Wednesday, March 21st. The company reported C$0.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.90 by C$0.06. The firm had revenue of C$1.26 billion during the quarter, compared to analyst estimates of C$1.23 billion.

In other Bombardier Recreational Products news, insider Anne-Marie Laberge sold 7,325 shares of the business’s stock in a transaction that occurred on Thursday, April 5th. The stock was sold at an average price of C$50.58, for a total transaction of C$370,498.50.

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Bombardier Recreational Products Company Profile

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.

Analyst Recommendations for Bombardier Recreational Products (TSE:DOO)

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