BRP (DOO) Price Target Raised to C$58.00

BRP (TSE:DOO) had its target price raised by stock analysts at Citigroup from C$46.00 to C$58.00 in a note issued to investors on Monday. Citigroup’s target price would suggest a potential upside of 16.84% from the company’s previous close.

DOO has been the topic of several other research reports. Canaccord Genuity boosted their price target on shares of BRP from C$51.00 to C$56.00 in a report on Monday, December 4th. Desjardins boosted their price target on shares of BRP from C$46.00 to C$54.00 in a report on Monday, December 4th. BMO Capital Markets boosted their target price on shares of BRP from C$46.00 to C$50.00 and gave the company an “outperform” rating in a research note on Monday, September 25th. Royal Bank Of Canada downgraded shares of BRP from an “outperform” rating to a “sector perform” rating and boosted their target price for the company from C$44.00 to C$49.00 in a research note on Monday, December 4th. Finally, National Bank Financial boosted their target price on shares of BRP from C$46.00 to C$49.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of C$53.11.

Shares of BRP (TSE DOO) traded up C$1.55 during trading on Monday, reaching C$49.64. 285,219 shares of the company’s stock traded hands, compared to its average volume of 112,301. BRP has a 12-month low of C$25.32 and a 12-month high of C$50.05.

In other BRP news, insider Sandy Scullion sold 700 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were 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 the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of C$41.00, for a total transaction of C$1,589,775.00. In the last quarter, insiders have sold 40,275 shares of company stock worth $1,655,185.

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BRP Company Profile

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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