BRP (DOO) Reaches New 12-Month High at $51.22
BRP Inc (TSE:DOO)’s share price hit a new 52-week high on Thursday . The stock traded as high as C$51.22 and last traded at C$49.70, with a volume of 202001 shares trading hands. The stock had previously closed at C$48.79.
Several research firms recently commented on DOO. National Bank Financial boosted their target price on BRP from C$46.00 to C$49.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. Citigroup boosted their target price on BRP from C$46.00 to C$58.00 in a research report on Monday, December 11th. Royal Bank of Canada cut BRP from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from C$44.00 to C$49.00 in a research report on Monday, December 4th. Scotiabank restated an “outperform” rating and set a C$46.00 target price on shares of BRP in a research report on Wednesday, October 18th. Finally, Canaccord Genuity boosted their target price on BRP from C$51.00 to C$56.00 in a research report on Monday, December 4th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of C$53.11.
The stock has a market cap of $5,020.00, a P/E ratio of 18.41 and a beta of 0.93.
The company also recently declared a Not Available dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, December 28th. BRP’s dividend payout ratio (DPR) is currently 7.54%.
In other BRP news, insider Pascal Gauthier sold 600 shares of BRP stock in a transaction dated Friday, December 8th. The stock was sold at an average price of C$48.30, for a total transaction of C$28,980.00.
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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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