BRP (DOO) Price Target Raised to C$54.00
BRP (TSE:DOO) had its price target raised by Desjardins from C$46.00 to C$54.00 in a research report released on Monday. Desjardins also issued estimates for BRP’s Q4 2018 earnings at $0.90 EPS and FY2019 earnings at $2.64 EPS.
A number of other equities research analysts have also weighed in on DOO. National Bank Financial lifted their price objective on BRP from C$42.00 to C$45.00 and gave the company an outperform rating in a report on Wednesday, August 16th. Royal Bank Of Canada reissued an outperform rating and set a C$43.00 price target on shares of BRP in a research note on Monday, August 21st. BMO Capital Markets reissued an outperform rating and set a C$46.00 price target on shares of BRP in a research note on Tuesday, September 5th. Scotiabank boosted their price target 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. Finally, UBS raised BRP from a neutral rating to a buy rating and boosted their price target for the stock from C$40.00 to C$47.00 in a research note on Saturday, September 23rd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. BRP presently has a consensus rating of Buy and an average price target of C$52.50.
Shares of BRP (TSE:DOO) opened at C$48.09 on Monday. BRP has a twelve month low of C$25.19 and a twelve month high of C$50.00.
The company also recently declared a Not Available dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, December 28th. BRP’s dividend payout ratio (DPR) is 7.54%.
In related news, insider Sandy Scullion sold 700 shares of the company’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 value of C$28,490.00. Also, insider Martin Langelier sold 38,775 shares of the company’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. Insiders have sold a total of 39,675 shares of company stock worth $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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