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An announcement from BRP ( (TSE:DOO) ) is now available.
BRP Inc. announced the closing of a previously disclosed bought deal secondary offering in which its principal shareholder, Bain Capital Integral Investors II, L.P., sold 1,850,000 BRP subordinate voting shares at C$100 per share for gross proceeds of C$185 million, with all proceeds going to Bain and no new capital raised for the company. The transaction, underwritten by RBC Capital Markets without an over-allotment option, reduces Bain’s stake while leaving it with 8,603,493 multiple voting shares representing roughly 11.72% of BRP’s outstanding shares and about 20.73% of the company’s voting power, signaling a partial liquidity event for the private equity backer without altering BRP’s capital structure or exchange listings on the TSX and Nasdaq.
The most recent analyst rating on (TSE:DOO) stock is a Hold with a C$109.00 price target. To see the full list of analyst forecasts on BRP stock, see the TSE:DOO Stock Forecast page.
Spark’s Take on TSE:DOO Stock
According to Spark, TipRanks’ AI Analyst, TSE:DOO is a Neutral.
BRP’s stock score is primarily influenced by its strong technical momentum and positive earnings call guidance, indicating potential for growth. However, financial performance challenges and high valuation weigh down the score, suggesting caution for investors.
To see Spark’s full report on TSE:DOO stock, click here.
More about BRP
BRP Inc., headquartered in Quebec, is a global leader in powersports products, propulsion systems and boats, with a portfolio of brands including Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on- and off-road vehicles, Quintrex boats, and Rotax marine propulsion systems and engines for karts and recreational aircraft. The company complements its vehicles with parts, accessories and apparel, is developing electric models across its product lines, and generated C$7.8 billion in annual sales from more than 130 countries with a workforce of about 16,500 as of January 31, 2025.
Average Trading Volume: 177,275
Technical Sentiment Signal: Buy
Current Market Cap: C$7.28B
Find detailed analytics on DOO stock on TipRanks’ Stock Analysis page.