BRP Inc. (TSE:DOO – Get Free Report) shares rose 3.5% on Thursday . The company traded as high as C$90.49 and last traded at C$89.36. Approximately 121,515 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 193,240 shares. The stock had previously closed at C$86.33.
Analyst Upgrades and Downgrades
DOO has been the subject of a number of recent analyst reports. Royal Bank of Canada dropped their price target on shares of BRP from C$147.00 to C$110.00 and set an “outperform” rating for the company in a research report on Friday, December 1st. Stifel Nicolaus dropped their target price on shares of BRP from C$150.00 to C$100.00 and set a “buy” rating for the company in a research report on Friday, December 1st. Citigroup dropped their target price on shares of BRP from C$128.00 to C$100.00 and set a “buy” rating for the company in a research report on Friday, December 1st. Canaccord Genuity Group lowered shares of BRP from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$136.00 to C$90.00 in a research report on Friday, December 1st. Finally, CIBC dropped their target price on shares of BRP from C$138.00 to C$106.00 and set an “outperform” rating for the company in a research report on Friday, December 1st. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$104.62.
Get Our Latest Stock Report on BRP
BRP Stock Up 5.5 %
BRP Company Profile
BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in North America, Europe, Australia, New Zealand, and Latin America. The company operates through two segments, Powersports and Marine. The Powersports segment offers year-round products, such as Can-Am ATVs, SSVs, and 3WVs; seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo PWCs and pontoons, and Rotax engines for karts and recreational aircraft.
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