BRP’s (DOO) “Outperform” Rating Reiterated at Scotiabank

Scotiabank reissued their outperform rating on shares of BRP Inc (TSE:DOO) in a research report report published on Wednesday. The firm currently has a C$46.00 target price on the stock.

A number of other equities analysts have also recently commented on the company. Royal Bank Of Canada lifted their price target on BRP from C$43.00 to C$44.00 and gave the stock an outperform rating in a report on Tuesday, September 5th. National Bank Financial lifted their price target on BRP from C$42.00 to C$45.00 and gave the stock an outperform rating in a report on Wednesday, August 16th. UBS AG upgraded BRP from a neutral rating to a buy rating and lifted their price target for the stock from C$40.00 to C$47.00 in a report on Saturday, September 23rd. BMO Capital Markets lifted their price target on BRP from C$46.00 to C$50.00 and gave the stock an outperform rating in a report on Monday, September 25th. Finally, Northcoast Research cut BRP from a buy rating to a neutral rating in a report on Tuesday, June 27th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of C$44.25.

Shares of BRP (DOO) opened at 39.92 on Wednesday. The company’s 50-day moving average price is $40.93 and its 200 day moving average price is $37.77. The company has a market cap of $4.13 billion and a P/E ratio of 15.08. BRP has a 52 week low of $22.20 and a 52 week high of $45.68.

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In related news, insider Sandy Scullion sold 700 shares of BRP stock in a transaction dated Monday, October 16th. The stock was sold at an average price of C$40.70, for a total transaction of C$28,490.00. Also, insider Martin Langelier sold 38,775 shares of BRP stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of C$41.00, for a total value of C$1,589,775.00. Insiders have sold 39,675 shares of company stock valued at $1,626,205 in the last quarter.

About BRP

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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