Desjardins reissued their buy rating on shares of BRP (NASDAQ:DOOO) in a report released on Tuesday.

Other equities analysts also recently issued research reports about the company. Robert W. Baird began coverage on BRP in a research note on Tuesday. They issued an outperform rating on the stock. UBS Group began coverage on BRP in a research note on Tuesday. They issued a buy rating on the stock. National Bank Financial upgraded BRP from a sector perform overweight rating to an outperform overweight rating in a research note on Tuesday. Finally, Royal Bank of Canada upgraded BRP from a sector perform rating to an outperform rating in a research note on Tuesday. Four equities research analysts have rated the stock with a buy rating, BRP presently has an average rating of Buy.

BRP stock traded up $1.56 during trading on Tuesday, hitting $43.65. The stock had a trading volume of 58,642 shares, compared to its average volume of 75,630. BRP has a 1 year low of $31.70 and a 1 year high of $55.41.

An institutional investor recently bought a new position in BRP stock. Bank of Montreal Can bought a new position in shares of BRP Inc (NASDAQ:DOOO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 847,217 shares of the company’s stock, valued at approximately $39,716,000. Bank of Montreal Can owned approximately 0.87% of BRP at the end of the most recent reporting period.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and propulsion systems worldwide. The company offers all-terrain, side-by-side, and spyder vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircrafts.

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