20:31:22 EDT Mon 20 May 2024
Enter Symbol
or Name
USA
CA



BRP Inc
Symbol DOO
Shares Issued 36,209,571
Close 2023-06-13 C$ 105.55
Market Cap C$ 3,821,920,219
Recent Sedar Documents

Globe says BRP seen gaining market share

2023-06-14 07:23 ET - In the News

The Globe and Mail reports in its Wednesday, June 14, edition that D.A. Davidson analyst Brandon Rolle says a recent North American off-road vehicle (ORV) check showed that BRP continues to gain market share. The Globe's David Leeder writes that accordingly, Mr. Rolle elevated his recommendation to "buy" from "neutral." Mr. Rolle gave his share target a hefty $15 boost to $126. Analysts on average target the shares at $133.61. Mr. Rolle says in a note: "From conversations with our NA ORV dealer contacts, we estimate BRP's May ORV retail sales were up a high-teens percentage, outpacing our mid-to-high-single digits growth estimate for PII [Polaris Industries Inc]. We would also note our checks indicate of June ORV retail trends and market share dynamics have continued through mid-June. Given what we've seen in our checks since April, it appears market share dynamics have shifted back to what we saw in a normalized prepandemic retail environment, where BRP consistently gained the most ORV market share despite not offering the greatest retail incentives. ... We view BRP as the name to own within the ORV industry and one of the cleaner stories both near-term and long-term within our coverage list."

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