In a report released today, Benoit Poirier from Desjardins maintained a Buy rating on BRP (DOOO – Research Report), with a price target of C$117.00. The company’s shares opened today at $60.60.
Poirier covers the Industrials sector, focusing on stocks such as Canadian National Railway, Canadian Pacific, and Bombardier. According to TipRanks, Poirier has an average return of 19.9% and a 65.47% success rate on recommended stocks.
In addition to Desjardins, BRP also received a Buy from Citi’s James Hardiman in a report issued today. However, on the same day, Canaccord Genuity downgraded BRP (NASDAQ: DOOO) to a Hold.
See Insiders’ Hot Stocks on TipRanks >>
DOOO market cap is currently $4.75B and has a P/E ratio of 7.06.
Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DOOO in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
BRP (DOOO) Company Description:
BRP, Inc. is a holding company, which engages in the design, development, manufacture, distribution, and marketing of power sports vehicles and marine products. Its brands include Ski-Doo, Lynx, Sea-Doo, Evinrude, Rotax, Can-Am, and Alumacraft. The company was founded on May 1, 2003 and is headquartered in Valcourt, Canada.
Read More on DOOO:
