UBS Group initiated coverage on shares of BRP (NASDAQ:DOOO) in a report released on Tuesday, 99wallstreet.com reports. The brokerage issued a buy rating on the stock.
NASDAQ:DOOO opened at $43.65 on Tuesday. BRP has a 1-year low of $31.70 and a 1-year high of $55.41.
A hedge fund recently bought a new stake in BRP stock. Bank of Montreal Can acquired a new stake in BRP Inc (NASDAQ:DOOO) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 847,217 shares of the company’s stock, valued at approximately $39,716,000. Bank of Montreal Can owned about 0.87% of BRP at the end of the most recent reporting period.
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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