Brokerages Set BRP Inc. (TSE:DOO) Target Price at C$70.00

Shares of BRP Inc. (TSE:DOO) have received a consensus rating of “Hold” from the thirteen analysts that are currently covering the company, MarketBeat.com reports. Eleven investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$70.00.

A number of brokerages recently commented on DOO. UBS Group lowered their price objective on shares of BRP from C$64.00 to C$50.00 in a research report on Wednesday, April 23rd. Citigroup raised shares of BRP from a “sell” rating to a “neutral” rating and upped their price target for the stock from C$39.00 to C$52.00 in a research note on Friday, April 4th. Stifel Nicolaus cut their price objective on BRP from C$58.00 to C$49.00 and set a “hold” rating for the company in a report on Wednesday, April 30th. National Bankshares lowered their target price on BRP from C$84.00 to C$72.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 25th. Finally, 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.

BRP Trading Up 1.0 %

TSE:DOO opened at C$49.66 on Friday. The stock has a market cap of C$3.65 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. BRP has a fifty-two week low of C$43.88 and a fifty-two week high of C$102.16. The company has a debt-to-equity ratio of 573.79, a current ratio of 1.37 and a quick ratio of 0.20. The stock’s 50-day moving average is C$50.69 and its two-hundred day moving average is C$62.66.

BRP Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, April 18th were given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Friday, April 4th. This is an increase from BRP’s previous quarterly dividend of $0.21. 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.