BRP (DOO) PT Raised to C$56.00

BRP (TSE:DOO) had its price objective raised by Canaccord Genuity from C$51.00 to C$56.00 in a research report released on Monday morning.

A number of other brokerages also recently commented on DOO. BMO Capital Markets upped their target price on BRP from C$50.00 to C$54.00 and gave the stock an outperform rating in a research note on Monday. UBS upgraded BRP from a neutral rating to a buy rating and upped their target price for the stock from C$40.00 to C$47.00 in a research note on Saturday, September 23rd. National Bank Financial upped their target price on BRP from C$46.00 to C$49.00 and gave the stock an outperform rating in a research note on Wednesday, November 8th. Royal Bank Of Canada restated an outperform rating and issued a C$43.00 target price on shares of BRP in a research note on Monday, August 21st. Finally, Scotiabank upped their target price on BRP from C$41.00 to C$46.00 and gave the stock an outperform rating in a research note on Tuesday, September 5th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of C$52.50.

BRP (TSE DOO) opened at C$48.09 on Monday. BRP has a 1-year low of C$25.19 and a 1-year high of C$50.00.

The business also recently announced a Not Available dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Thursday, December 28th. BRP’s payout ratio is 7.54%.

In other BRP news, insider Martin Langelier sold 38,775 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of C$41.00, for a total transaction of C$1,589,775.00. Also, insider Sandy Scullion sold 700 shares of the 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 value of C$28,490.00. Insiders sold 39,675 shares of company stock worth $1,626,205 in the last 90 days.

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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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