BRP (DOO) Downgraded by Royal Bank Of Canada to “Sector Perform”

Royal Bank Of Canada lowered shares of BRP (TSE:DOO) from an outperform rating to a sector perform rating in a research report sent to investors on Monday. Royal Bank Of Canada currently has C$49.00 target price on the stock, up from their prior target price of C$44.00.

A number of other research firms have also commented on DOO. BMO Capital Markets reaffirmed an outperform rating and issued a C$46.00 price objective on shares of BRP in a research note on Tuesday, September 5th. CIBC raised their price objective on shares of BRP from C$46.00 to C$54.00 in a research note on Monday. National Bank Financial raised their price objective on shares of BRP from C$45.00 to C$46.00 and gave the stock an outperform rating in a research note on Friday, September 1st. Scotiabank reaffirmed an outperform rating and issued a C$46.00 price objective on shares of BRP in a research note on Wednesday, October 18th. Finally, UBS raised shares of BRP from a neutral rating to a buy rating and raised their price objective for the stock from C$40.00 to C$47.00 in a research note on Saturday, September 23rd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of Buy and an average price target of C$52.50.

BRP (TSE DOO) opened at C$48.09 on Monday. BRP has a 52 week low of C$25.19 and a 52 week high of C$50.00.

The company also recently disclosed a Not Available dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be paid a $0.08 dividend. The ex-dividend date is Thursday, December 28th. BRP’s dividend payout ratio is 7.54%.

In other BRP news, insider Martin Langelier sold 38,775 shares of BRP stock in a transaction on Thursday, September 21st. The shares were sold at an average price of C$41.00, for a total transaction of C$1,589,775.00. Also, insider Sandy Scullion sold 700 shares of BRP 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. Insiders have sold a total of 39,675 shares of company stock valued at $1,626,205 in the last three months.

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About BRP

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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