BRP (DOOO) Receives a Buy from RBC Capital

In a report released today, Joseph Spak from RBC Capital maintained a Buy rating on BRP (DOOOResearch Report), with a price target of C$113.00. The company’s shares closed last Thursday at $66.36.

According to TipRanks.com, Spak has 0 stars on 0-5 stars ranking scale with an average return of -15.5% and a 40.3% success rate. Spak covers the Industrial Goods sector, focusing on stocks such as Magna International, Tenneco Automotive, and American Axle.

Currently, the analyst consensus on BRP is a Strong Buy with an average price target of $102.84, implying a 63.2% upside from current levels. In a report issued on July 1, UBS also maintained a Buy rating on the stock with a $149.00 price target.

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BRP’s market cap is currently $5.04B and has a P/E ratio of 9.55.

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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, 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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