BRP (DOOO) Given Buy Rating at Desjardins

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BRP (NASDAQ:DOOO)‘s stock had its “buy” rating reiterated by research analysts at Desjardins in a report issued on Tuesday.

Several other equities research analysts also recently issued reports on DOOO. UBS Group initiated coverage on BRP in a research report on Tuesday. They issued a “buy” rating on the stock. Robert W. Baird began coverage on shares of BRP in a research note on Tuesday. They issued an “outperform” rating for the company. Royal Bank of Canada upgraded shares of BRP from a “sector perform” rating to an “outperform” rating in a research note on Tuesday. Finally, National Bank Financial upgraded shares of BRP from a “sector perform overweight” rating to an “outperform overweight” rating in a research note on Tuesday. Four analysts have rated the stock with a buy rating, The stock has an average rating of “Buy”.

Shares of NASDAQ:DOOO traded up $1.56 during midday trading on Tuesday, hitting $43.65. The company’s stock had a trading volume of 58,642 shares, compared to its average volume of 75,630. BRP has a fifty-two week low of $31.70 and a fifty-two week high of $55.41.

An institutional investor recently bought a new position in BRP stock. Bank of Montreal Can bought a new stake in BRP Inc (NASDAQ:DOOO) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 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 filing with the Securities and Exchange Commission (SEC).

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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