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BRP (DOOO) Received its Third Buy in a Row

After Robert W. Baird and Canaccord Genuity gave BRP (NASDAQ: DOOO) a Buy rating last month, the company received another Buy, this time from Desjardins. Analyst Benoit Poirier reiterated a Buy rating on BRP yesterday. The company’s shares closed last Monday at $67.54.

According to TipRanks.com, Poirier is a top 100 analyst with an average return of 20.2% and a 67.3% success rate. Poirier covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, TFI International, and SNC-Lavalin Group.

BRP has an analyst consensus of Strong Buy, with a price target consensus of $107.39, implying a 49.0% upside from current levels. In a report issued on May 25, Canaccord Genuity also maintained a Buy rating on the stock with a C$136.00 price target.

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The company has a one-year high of $102.96 and a one-year low of $57.38. Currently, BRP has an average volume of 135.5K.

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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.

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