BRP (DOOO) Earns “Buy” Rating from Desjardins

Desjardins reissued their buy rating on shares of BRP (NASDAQ:DOOO) in a research report sent to investors on Tuesday morning.

DOOO has been the subject of several other reports. Royal Bank of Canada upgraded BRP from a sector perform rating to an outperform rating in a research note on Tuesday. National Bank Financial upgraded BRP from a sector perform overweight rating to an outperform overweight rating in a research note on Tuesday. Robert W. Baird began coverage on BRP in a research note on Tuesday. They set an outperform rating for the company. Finally, UBS Group began coverage on BRP in a research note on Tuesday. They set a buy rating for the company. Four research analysts have rated the stock with a buy rating, The company presently has an average rating of Buy.

Shares of BRP stock traded up $1.56 on Tuesday, hitting $43.65. 58,642 shares of the company’s stock traded hands, compared to its average volume of 75,630. BRP has a 52-week low of $31.70 and a 52-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 shares of BRP Inc (NASDAQ:DOOO) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 847,217 shares of the company’s stock, valued at approximately $39,716,000. Bank of Montreal Can owned about 0.87% of BRP at the end of the most recent quarter.

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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