Desjardins Raises BRP (DOO) Price Target to C$54.00

BRP (TSE:DOO) had its target price upped by Desjardins from C$46.00 to C$54.00 in a research note issued to investors on Monday morning. Desjardins also issued estimates for BRP’s Q4 2018 earnings at $0.90 EPS and FY2019 earnings at $2.64 EPS.

Several other research firms have also weighed in on DOO. BMO Capital Markets reissued an outperform rating and issued a C$46.00 target price on shares of BRP in a research note on Tuesday, September 5th. CIBC raised their price target on BRP from C$46.00 to C$54.00 in a research report on Monday. National Bank Financial raised their price target on BRP from C$45.00 to C$46.00 and gave the stock an outperform rating in a research report on Friday, September 1st. Royal Bank Of Canada reaffirmed an outperform rating and set a C$43.00 price target on shares of BRP in a research report on Monday, August 21st. Finally, Scotiabank reaffirmed an outperform rating and set a C$46.00 price target on shares of BRP in a research report on Wednesday, October 18th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. BRP has an average rating of Buy and a consensus price target of C$52.50.

BRP (TSE DOO) opened at C$47.88 on Monday. BRP has a one year low of C$24.36 and a one year high of C$50.00.

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

In related news, insider Martin Langelier sold 38,775 shares of BRP 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 value of C$1,589,775.00. Also, insider Sandy Scullion sold 700 shares of BRP stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of C$40.70, for a total value of C$28,490.00. In the last ninety days, insiders have sold 39,675 shares of company stock worth $1,626,205.

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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.

Analyst Recommendations for BRP (TSE:DOO)

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