BRP (DOO) Sets New 1-Year High at $51.22

BRP Inc (TSE:DOO) shares hit a new 52-week high during trading on Thursday . The company traded as high as C$51.22 and last traded at C$49.70, with a volume of 202001 shares changing hands. The stock had previously closed at C$48.79.

A number of research analysts have recently commented on the company. BMO Capital Markets increased their price objective on BRP from C$50.00 to C$54.00 and gave the company an “outperform” rating in a report on Monday, December 4th. CIBC increased their price objective on BRP from C$46.00 to C$54.00 in a report on Monday, December 4th. Canaccord Genuity increased their price objective on BRP from C$51.00 to C$56.00 in a report on Monday, December 4th. National Bank Financial increased their price objective on BRP from C$46.00 to C$49.00 and gave the company an “outperform” rating in a report on Wednesday, November 8th. Finally, Desjardins increased their price objective on BRP from C$46.00 to C$54.00 in a report on Monday, December 4th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of C$53.11.

The company has a market capitalization of $5,020.00, a price-to-earnings ratio of 18.87 and a beta of 0.93.

BRP (TSE:DOO) last released its earnings results on Friday, December 1st. The company reported C$1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.95 by C$0.10.

The firm also recently announced a Not Available dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, December 28th. BRP’s dividend payout ratio (DPR) is currently 7.54%.

In other BRP news, insider Pascal Gauthier sold 600 shares of the firm’s 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 value of C$28,980.00.

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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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