BMO Capital Markets Increases BRP (DOO) Price Target to C$54.00

BRP (TSE:DOO) had its target price raised by BMO Capital Markets from C$50.00 to C$54.00 in a research note issued to investors on Monday. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 12.62% from the company’s previous close.

Several other analysts also recently weighed in on DOO. Royal Bank Of Canada lifted their price target on shares of BRP from C$43.00 to C$44.00 and gave the company an “outperform” rating in a research note on Tuesday, September 5th. National Bank Financial lifted their price target on shares of BRP from C$42.00 to C$45.00 and gave the company an “outperform” rating in a research note on Wednesday, August 16th. UBS raised shares of BRP from a “neutral” rating to a “buy” rating and lifted their price target for the company from C$40.00 to C$47.00 in a research note on Saturday, September 23rd. Canaccord Genuity lifted their price target on shares of BRP from C$50.00 to C$51.00 and gave the company a “buy” rating in a research note on Wednesday, November 22nd. Finally, Scotiabank lifted their price target on shares of BRP from C$41.00 to C$46.00 and gave the company an “outperform” rating in a research note on Tuesday, September 5th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. BRP has a consensus rating of “Buy” and an average target price of C$52.50.

Shares of BRP (TSE:DOO) opened at C$47.95 on Monday. BRP has a 12 month low of C$24.35 and a 12 month high of C$50.00.

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

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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.

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