BRP Inc

DOO
Delayed Toronto Stock Exchange - 09/19 10:15:03 pm
51.98CAD
+0.23%

The upward trend should continue

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Jordan Dufee
Analyst

Strategy published on : 09/11/2019 | 11:04

long trade
Live

Entry price : 51.42CAD
Target : 60CAD
Stop-loss : 46CAD
Potential : 16.69%

BRP Inc shares have recently experienced an upward movement with a return of higher volumes and volatility. This technical chart pattern suggests a continuation of the upward movement.
Investors have an opportunity to buy the stock and target the CAD 60.

Strengths

● Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.

● The group usually releases upbeat results with huge surprise rates.

● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 40.93 CAD


Weaknesses

● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.

Zonebourse.com 2019
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