BRP (TSE:DOO) Given a C$71.00 Price Target by National Bank Financial Analysts

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BRP (TSE:DOO) has been given a C$71.00 target price by analysts at National Bank Financial in a research report issued on Tuesday, October 9th. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 21.91% from the stock’s current price.

Several other brokerages have also weighed in on DOO. BMO Capital Markets increased their price objective on shares of BRP from C$70.00 to C$76.00 and gave the stock an “outperform” rating in a report on Tuesday, September 4th. Royal Bank of Canada increased their target price on shares of BRP from C$61.00 to C$70.00 and gave the stock a “sector perform” rating in a research report on Friday, August 31st. CIBC increased their target price on shares of BRP from C$69.00 to C$79.00 in a research report on Friday, August 31st. Finally, Robert W. Baird dropped their target price on shares of BRP from C$75.00 to C$65.00 and set an “outperform” rating for the company in a research report on Tuesday, October 9th. Seven investment analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of C$67.00.

TSE:DOO opened at C$58.24 on Tuesday. BRP has a fifty-two week low of C$38.94 and a fifty-two week high of C$74.67.

BRP (TSE:DOO) last issued its quarterly earnings data on Thursday, August 30th. The company reported C$0.66 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.31 by C$0.35. The business had revenue of C$1.21 billion during the quarter, compared to analyst estimates of C$1.10 billion.

In other news, insider Tracy Jerry Crocker acquired 2,000 shares of BRP stock in a transaction that occurred on Wednesday, September 19th. The shares were purchased at an average cost of C$45.80 per share, for a total transaction of C$91,600.00.

BRP 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.

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Analyst Recommendations for BRP (TSE:DOO)

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