Brokerages Set BRP Inc. (TSE:DOO) Price Target at C$69.79

Shares of BRP Inc. (TSE:DOO) have been given an average rating of “Hold” by the twelve research firms that are covering the stock, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$69.79.

A number of equities research analysts recently commented on DOO shares. TD Securities upgraded BRP from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 30th. Raymond James Financial decreased their target price on BRP from C$98.00 to C$65.00 in a research report on Thursday, March 27th. CIBC decreased their target price on BRP from C$82.00 to C$64.00 in a research report on Thursday, March 27th. National Bankshares decreased their target price on BRP from C$65.00 to C$61.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 22nd. Finally, Stifel Canada upgraded BRP from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 29th.

BRP Price Performance

TSE:DOO opened at C$65.12 on Monday. The company has a quick ratio of 0.20, a current ratio of 1.37 and a debt-to-equity ratio of 573.79. The stock has a market cap of C$4.79 billion, a PE ratio of 24.54, a P/E/G ratio of 2.05 and a beta of 2.28. BRP has a 52 week low of C$43.88 and a 52 week high of C$102.16. The business’s 50-day simple moving average is C$54.91 and its two-hundred day simple moving average is C$60.45.

BRP Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, April 18th were paid 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 1.32%. This is a boost from BRP’s previous quarterly dividend of $0.21. BRP’s dividend payout ratio is 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.