BRP Inc. (TSE:DOO) Receives C$72.23 Average Target Price from Analysts

Shares of BRP Inc. (TSE:DOO) have received an average recommendation of “Hold” from the thirteen research firms that are covering the firm, MarketBeat reports. Ten analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$72.23.

Several equities research analysts have recently commented on DOO shares. Canaccord Genuity Group cut their price target on BRP from C$80.00 to C$60.00 in a research note on Friday, March 21st. CIBC cut their price objective on shares of BRP from C$82.00 to C$64.00 in a research report on Thursday, March 27th. National Bankshares reduced their target price on shares of BRP from C$84.00 to C$72.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 25th. BMO Capital Markets dropped their price target on shares of BRP from C$100.00 to C$70.00 in a research note on Thursday, March 27th. Finally, Royal Bank of Canada cut their price target on shares of BRP from C$99.00 to C$69.00 in a report on Friday, March 28th.

BRP Stock Up 1.0 %

Shares of TSE:DOO opened at C$50.92 on Wednesday. The company has a debt-to-equity ratio of 573.79, a current ratio of 1.37 and a quick ratio of 0.20. BRP has a 1-year low of C$46.04 and a 1-year high of C$102.16. The firm has a fifty day moving average price of C$55.68 and a 200 day moving average price of C$67.08. The stock has a market cap of C$3.75 billion, a P/E ratio of 19.19, a P/E/G ratio of 2.05 and a beta of 2.28.

BRP Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 18th will be issued a $0.215 dividend. The ex-dividend date is Friday, April 4th. This is a boost from BRP’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a yield of 1.69%. BRP’s dividend payout ratio (DPR) is 31.66%.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.