BRP (DOOO) Receives “Buy” Rating from Desjardins

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Desjardins reaffirmed their buy rating on shares of BRP (NASDAQ:DOOO) in a research note published on Tuesday.

DOOO has been the topic of a number of other research reports. Royal Bank of Canada upgraded BRP from a sector perform rating to an outperform rating in a research report on Tuesday. National Bank Financial upgraded BRP from a sector perform overweight rating to an outperform overweight rating in a research report on Tuesday. UBS Group initiated coverage on BRP in a research report on Tuesday. They issued a buy rating on the stock. Finally, Robert W. Baird assumed coverage on BRP in a research report on Tuesday. They issued an outperform rating on the stock. Four investment analysts have rated the stock with a buy rating, BRP currently has an average rating of Buy.

Shares of DOOO stock traded up $1.56 on Tuesday, reaching $43.65. The company’s stock had a trading volume of 58,642 shares, compared to its average volume of 75,630. BRP has a 12-month low of $31.70 and a 12-month high of $55.41.

An institutional investor recently bought a new position in BRP stock. Bank of Montreal Can bought a new stake in BRP Inc (NASDAQ:DOOO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 847,217 shares of the company’s stock, valued at approximately $39,716,000. Bank of Montreal Can owned about 0.87% of BRP as of its most recent SEC filing.

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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