UBS AG upgraded shares of BRP Inc (TSE:DOO) from a neutral rating to a buy rating in a research report report published on Saturday morning, www.baystreet.ca reports. UBS AG currently has C$47.00 price objective on the stock, up from their prior price objective of C$40.00.

Several other brokerages have also commented on DOO. National Bank Financial upped their price target on BRP from C$45.00 to C$46.00 and gave the company an outperform rating in a research note on Friday, September 1st. Royal Bank Of Canada reaffirmed an outperform rating and issued a C$43.00 price target on shares of BRP in a research note on Monday, August 21st. BMO Capital Markets reaffirmed an outperform rating and issued a C$46.00 price target on shares of BRP in a research note on Tuesday, September 5th. Scotiabank upped their price target on BRP from C$41.00 to C$46.00 and gave the company an outperform rating in a research note on Tuesday, September 5th. Finally, Desjardins upped their price target on BRP from C$44.00 to C$46.00 and gave the company a buy rating in a research note on Wednesday, July 19th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of Buy and an average price target of C$44.25.

Shares of BRP (TSE:DOO) opened at 45.04 on Friday. The stock’s 50 day moving average price is $40.76 and its 200 day moving average price is $35.74. The company has a market capitalization of $4.65 billion and a P/E ratio of 17.02. BRP has a 52-week low of $22.20 and a 52-week high of $45.68.

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In related news, insider Breton Anne Le sold 5,000 shares of the stock in a transaction dated Monday, July 10th. The stock was sold at an average price of C$39.00, for a total transaction of C$195,000.00. Also, insider Martin Langelier sold 38,775 shares of the stock in a transaction dated 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. In the last three months, insiders have sold 45,075 shares of company stock worth $1,836,265.

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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