BRP (DOO) Price Target Raised to C$54.00

BRP (TSE:DOO) had its price objective boosted by Scotiabank from C$46.00 to C$54.00 in a report issued on Monday morning. Scotiabank currently has an outperform rating on the stock.

DOO has been the topic of a number of other research reports. Canaccord Genuity raised their price target on BRP from C$51.00 to C$56.00 in a research report on Monday. Desjardins lifted their price objective on BRP from C$46.00 to C$54.00 in a report on Monday. BMO Capital Markets lifted their price objective on BRP from C$46.00 to C$50.00 and gave the stock an outperform rating in a report on Monday, September 25th. Royal Bank Of Canada downgraded BRP from an outperform rating to a sector perform rating and lifted their price objective for the stock from C$44.00 to C$49.00 in a report on Monday. Finally, National Bank Financial lifted their price objective on BRP from C$46.00 to C$49.00 and gave the stock an outperform rating in a report on Wednesday, November 8th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. BRP currently has an average rating of Buy and an average price target of C$52.50.

Shares of BRP (DOO) opened at C$47.88 on Monday. BRP has a 12-month low of C$24.36 and a 12-month high of C$50.00.

The business also recently disclosed a Not Available dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, December 28th. BRP’s dividend payout ratio is currently 7.65%.

In related news, insider Sandy Scullion sold 700 shares of the firm’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of C$40.70, for a total value of C$28,490.00. Also, insider Martin Langelier sold 38,775 shares of the firm’s 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. In the last quarter, insiders sold 39,675 shares of company stock worth $1,626,205.

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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.

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