Shares of BRP Inc. (TSE:DOO - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$62.47 and traded as low as C$51.96. BRP shares last traded at C$52.00, with a volume of 280,692 shares.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the stock. UBS Group dropped their price objective on shares of BRP from C$64.00 to C$50.00 in a research note on Wednesday, April 23rd. Royal Bank of Canada cut their price objective on BRP from C$99.00 to C$69.00 in a report on Friday, March 28th. Canaccord Genuity Group dropped their target price on BRP from C$80.00 to C$60.00 in a report on Friday, March 21st. CIBC decreased their target price on BRP from C$82.00 to C$64.00 in a research report on Thursday, March 27th. Finally, Raymond James reduced their price objective on BRP from C$98.00 to C$65.00 in a research report on Thursday, March 27th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of C$70.00.
Check Out Our Latest Stock Report on BRP
BRP Trading Up 1.9%
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 stock has a fifty day moving average of C$50.12 and a 200 day moving average of C$61.95. The company has a market capitalization of C$3.84 billion, a P/E ratio of 19.70, a PEG ratio of 2.05 and a beta of 2.28.
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 given a $0.215 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.86 annualized dividend and a yield of 1.65%. This is a positive change from BRP's previous quarterly dividend of $0.21. BRP's dividend payout ratio (DPR) is currently 31.66%.
About BRP
(
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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.
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