BRP Inc. (TSE:DOO) Receives C$70.00 Consensus Price Target from Brokerages

BRP Inc. (TSE:DOO - Get Free Report) has been given a consensus recommendation of "Hold" by the thirteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$70.00.

DOO has been the topic of several recent analyst reports. CIBC reduced their price objective on shares of BRP from C$82.00 to C$64.00 in a research note on Thursday, March 27th. Royal Bank of Canada decreased their price objective on BRP from C$99.00 to C$69.00 in a report on Friday, March 28th. Raymond James reduced their target price on BRP from C$98.00 to C$65.00 in a research report on Thursday, March 27th. Stifel Nicolaus dropped their price objective on shares of BRP from C$58.00 to C$49.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. Finally, BMO Capital Markets cut their price objective on shares of BRP from C$100.00 to C$70.00 in a report on Thursday, March 27th.

BRP Price Performance

BRP stock traded up C$1.18 during midday trading on Friday, reaching C$50.37. 190,248 shares of the company were exchanged, compared to its average volume of 188,542. The company has a market capitalization of C$3.70 billion, a price-to-earnings ratio of 18.98, a P/E/G ratio of 2.05 and a beta of 2.28. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37. The firm's 50-day simple moving average is C$50.79 and its 200-day simple moving average is C$62.86. BRP has a 1 year low of C$43.88 and a 1 year high of C$102.16.

BRP Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, April 18th were issued a $0.215 dividend. This is an increase from BRP's previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a yield of 1.71%. The ex-dividend date was Friday, April 4th. BRP's dividend payout ratio is currently 31.66%.

About BRP

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.