Zacks: BRP Inc (DOOO) Given $53.48 Consensus Price Target by Analysts

BRP Inc (NASDAQ:DOOO) has been given a consensus broker rating score of 2.00 (Buy) from the seven brokers that cover the company, Zacks Investment Research reports. Three analysts have rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the company.

Analysts have set a 1-year consensus price objective of $53.48 for the company, according to Zacks. Zacks has also given BRP an industry rank of 208 out of 255 based on the ratings given to related companies.

Several research analysts recently weighed in on the company. Desjardins reiterated a “buy” rating on shares of BRP in a research report on Tuesday, October 9th. National Bank Financial upgraded BRP from a “sector perform overweight” rating to an “outperform overweight” rating in a research report on Tuesday, October 9th. Royal Bank of Canada upgraded BRP from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, October 9th. Robert W. Baird assumed coverage on BRP in a research report on Tuesday, October 9th. They issued an “outperform” rating for the company. Finally, UBS Group assumed coverage on BRP in a research report on Tuesday, October 9th. They issued a “buy” rating for the company.



An institutional investor recently bought a new position in BRP stock. Bank of Montreal Can purchased a new position in shares of BRP Inc (NASDAQ:DOOO) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 847,217 shares of the company’s stock, valued at approximately $39,716,000. Bank of Montreal Can owned 0.87% of BRP as of its most recent SEC filing. Hedge funds and other institutional investors own 1.13% of the company’s stock.

Shares of BRP stock opened at $38.32 on Friday. BRP has a fifty-two week low of $33.34 and a fifty-two week high of $55.41.

BRP Company Profile

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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