Could BRP Inc Change Direction After Today’s Huge Increase?

 Could BRP Inc Change Direction After Today's Huge Increase?

The stock of BRP Inc (TSE:DOO) is a huge mover today! About 11,934 shares traded hands. BRP Inc (TSE:DOO) has risen 11.34% since April 21, 2016 and is uptrending. It has outperformed by 5.93% the S&P500.
The move comes after 7 months positive chart setup for the $2.54B company. It was reported on Nov, 25 by Barchart.com. We have $23.94 PT which if reached, will make TSE:DOO worth $101.60M more.

BRP Inc (TSE:DOO) Ratings Coverage

Out of 4 analysts covering BRP Inc (TSE:DOO), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $32 is the highest target while $25 is the lowest. The $27.67 average target is 20.20% above today’s ($23.02) stock price. BRP Inc has been the topic of 13 analyst reports since September 4, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by RBC Capital Markets on Monday, December 14. The firm has “Outperform” rating given on Thursday, December 3 by RBC Capital Markets. The firm has “Outperform” rating by Scotia Capital given on Thursday, August 18. Scotia Capital maintained the shares of DOO in a report on Friday, June 10 with “Outperform” rating. The firm has “Outperform” rating given on Friday, June 3 by RBC Capital Markets.

More news for BRP Inc (TSE:DOO) were recently published by: Jsonline.com, which released: “BRP Inc. rocks the industry’s boat with new motor” on June 14, 2014. Bloomberg.com‘s article titled: “TSX Movers: Crescent Point, BRP Inc., Bankers Petroleum” and published on September 09, 2016 is yet another important article.

BRP Inc. is engaged in the design, development, manufacturing, distribution and marketing of power sports vehicles and propulsion systems. The company has a market cap of $2.54 billion. The Firm makes and sells Year-Round Products consisting of all-terrain vehicles , side-by-side vehicles (SSVs) and roadsters; Seasonal Products consisting of snowmobiles and personal watercrafts (PWCs), and Propulsion Products consisting of engines for outboard and jet boats, karts, motorcycles and recreational aircraft. It has a 34.61 P/E ratio. The Company’s diversified portfolio of brands and products includes Can-Am ATVs, SSVs and roadsters, Ski-Doo and Lynx snowmobiles, Sea-Doo PWCs, and propulsion systems consisting of Evinrude outboard boat engines and Rotax engines for jet boats, karts, motorcycles and recreational aircraft.

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