BRP Inc. (TSE:DOO - Get Free Report)'s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$92.79 and traded as low as C$92.76. BRP shares last traded at C$95.38, with a volume of 178,540 shares changing hands.
Analyst Ratings Changes
A number of brokerages have recently issued reports on DOO. Scotiabank cut their target price on shares of BRP from C$109.00 to C$105.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 26th. Desjardins dropped their price objective on shares of BRP from C$117.00 to C$112.00 and set a "buy" rating on the stock in a research note on Monday, March 25th. Stifel Nicolaus increased their price objective on shares of BRP from C$100.00 to C$112.00 in a research note on Monday, April 1st. TD Securities increased their price objective on shares of BRP from C$95.00 to C$100.00 in a research note on Monday, April 1st. Finally, Raymond James dropped their price objective on shares of BRP from C$114.00 to C$108.00 in a research note on Monday, April 1st. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$105.23.
Get Our Latest Report on DOO
BRP Stock Up 1.8 %
The firm's fifty day moving average price is C$90.67 and its 200-day moving average price is C$92.73. The company has a debt-to-equity ratio of 438.99, a current ratio of 1.40 and a quick ratio of 0.20. The firm has a market capitalization of C$3.34 billion, a P/E ratio of 8.27, a PEG ratio of 1.94 and a beta of 2.41.
BRP Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Monday, April 8th will be issued a $0.21 dividend. The ex-dividend date is Friday, April 5th. This is a boost from BRP's previous quarterly dividend of $0.18. This represents a $0.84 annualized dividend and a dividend yield of 0.88%. BRP's dividend payout ratio (DPR) is 6.24%.
About BRP
(
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BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in North America, Europe, Australia, New Zealand, and Latin America. The company operates through two segments, Powersports and Marine. The Powersports segment offers year-round products, such as Can-Am ATVs, SSVs, and 3WVs; seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo PWCs and pontoons, and Rotax engines for karts and recreational aircraft.
Further Reading
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