BRP (DOO) Hits New 1-Year High at $46.77
BRP Inc (TSE:DOO)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as C$46.77 and last traded at C$45.92, with a volume of 96238 shares changing hands. The stock had previously closed at C$46.09.
A number of equities analysts have recently commented on the stock. Canaccord Genuity lifted their target price on shares of BRP from C$50.00 to C$51.00 and gave the company a “buy” rating in a report on Wednesday, November 22nd. BMO Capital Markets lifted their target price on shares of BRP from C$46.00 to C$50.00 and gave the company an “outperform” rating in a report on Monday, September 25th. UBS raised shares of BRP from a “neutral” rating to a “buy” rating and lifted their target price for the company from C$40.00 to C$47.00 in a report on Saturday, September 23rd. National Bank Financial lifted their target price on shares of BRP from C$46.00 to C$49.00 and gave the company an “outperform” rating in a report on Wednesday, November 8th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$43.00 target price on shares of BRP in a report on Monday, August 21st. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. BRP presently has a consensus rating of “Buy” and a consensus target price of C$46.88.
In other BRP news, insider Sandy Scullion sold 700 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of C$40.70, for a total transaction of C$28,490.00. Also, insider Martin Langelier sold 38,775 shares of the business’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of C$41.00, for a total transaction of C$1,589,775.00. Insiders sold a total of 39,675 shares of company stock worth $1,626,205 over the last three months.
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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