BRP (TSE: DOO) recently received a number of ratings updates from brokerages and research firms:

  • 9/12/2018 – BRP was given a new C$71.00 price target on by analysts at National Bank Financial. They now have a “sector perform” rating on the stock.
  • 9/4/2018 – BRP had its price target raised by analysts at BMO Capital Markets from C$70.00 to C$76.00. They now have an “outperform” rating on the stock.
  • 8/31/2018 – BRP had its price target raised by analysts at National Bank Financial from C$67.00 to C$71.00. They now have a “sector perform” rating on the stock.
  • 8/31/2018 – BRP had its price target raised by analysts at Royal Bank of Canada from C$61.00 to C$70.00. They now have a “sector perform” rating on the stock.
  • 8/31/2018 – BRP had its price target raised by analysts at CIBC from C$69.00 to C$79.00.
  • 8/16/2018 – BRP had its price target raised by analysts at National Bank Financial from C$66.00 to C$67.00. They now have a “sector perform” rating on the stock.

Shares of TSE:DOO traded down C$0.34 during trading on Tuesday, reaching C$59.69. 63,616 shares of the stock were exchanged, compared to its average volume of 211,296. BRP Inc has a 1-year low of C$38.94 and a 1-year high of C$74.67.

BRP (TSE:DOO) last issued its earnings results on Thursday, August 30th. The company reported C$0.66 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.31 by C$0.35. The firm had revenue of C$1.21 billion for the quarter, compared to analyst estimates of C$1.10 billion.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 12th. Investors of record on Friday, October 12th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Thursday, September 27th.

In related news, insider Martin Langelier sold 13,850 shares of the stock in a transaction on Thursday, July 12th. The stock was sold at an average price of C$65.25, for a total value of C$903,712.50.

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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