BRP Inc. (TSE:DOO – Get Free Report)’s stock price shot up 3.5% on Thursday . The company traded as high as C$90.49 and last traded at C$89.36. 121,515 shares were traded during mid-day trading, a decline of 37% from the average session volume of 193,240 shares. The stock had previously closed at C$86.33.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on DOO. Citigroup lowered their price objective on shares of BRP from C$128.00 to C$100.00 and set a “buy” rating on the stock in a research report on Friday, December 1st. UBS Group lowered shares of BRP from a “buy” rating to a “neutral” rating and lowered their price objective for the company from C$190.00 to C$89.00 in a research report on Monday, December 4th. Raymond James lifted their price objective on shares of BRP from C$95.00 to C$114.00 in a research report on Thursday, January 4th. Desjardins lowered their price objective on shares of BRP from C$117.00 to C$112.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Stifel Nicolaus lowered their price objective on shares of BRP from C$150.00 to C$100.00 and set a “buy” rating on the stock in a research report on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$104.62.
Read Our Latest Research Report on BRP
BRP Stock Up 5.5 %
About BRP
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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