National Bank Thinks BRP Inc’s Stock is Going to Recover
According to The Fly, in a report released today, Cameron Doerksen from National Bank maintained a Buy rating on BRP Inc (DOOO). The company’s shares opened today at $32.14, close to its 52-week low of $30.23.
According to TipRanks.com, Doerksen is ranked #4305 out of 5132 analysts.
BRP Inc has an analyst consensus of Strong Buy, with a price target consensus of $55.50.
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Based on BRP Inc’s latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of $31.21 million. In comparison, last year the company had a net profit of $62.14 million.
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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.