BRP (TSE:DOO) Price Target Increased to C$54.00 by Analysts at Desjardins

BRP (TSE:DOO) had its price objective lifted by equities research analysts at Desjardins from C$46.00 to C$54.00 in a research note issued to investors on Monday, December 4th. Desjardins’ target price suggests a potential upside of 16.10% from the stock’s previous close. Desjardins also issued estimates for BRP’s Q4 2018 earnings at $0.90 EPS and FY2019 earnings at $2.64 EPS.

Several other research firms also recently weighed in on DOO. BMO Capital Markets restated an “outperform” rating and issued a C$46.00 price target on shares of BRP in a research note on Tuesday, September 5th. CIBC upped their price target on BRP from C$46.00 to C$54.00 in a research note on Monday, December 4th. National Bank Financial upped their price target on BRP from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Friday, September 1st. Royal Bank of Canada restated an “outperform” rating and issued a C$43.00 price target on shares of BRP in a research note on Monday, August 21st. Finally, Scotiabank restated an “outperform” rating and issued a C$46.00 price target on shares of BRP in a research note on Wednesday, October 18th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of C$53.11.

BRP (DOO) traded down C$0.04 during midday trading on Monday, reaching C$46.51. The company’s stock had a trading volume of 81,500 shares, compared to its average volume of 113,826. BRP has a one year low of C$25.32 and a one year high of C$50.05. The firm has a market capitalization of $4,770.00, a price-to-earnings ratio of 17.23 and a beta of 0.93.

In other news, insider Pascal Gauthier sold 600 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of C$48.30, for a total transaction of C$28,980.00. Also, insider Sandy Scullion sold 700 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of C$40.70, for a total value of C$28,490.00. Insiders have sold a total of 2,000 shares of company stock valued at $90,410 over the last quarter.

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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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