BRP (TSE:DOO) Price Target Raised to C$115.00

BRP (TSE:DOO) had its target price lifted by CIBC from C$100.00 to C$115.00 in a report released on Wednesday morning,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Several other equities research analysts have also recently commented on DOO. Canaccord Genuity Group raised their target price on shares of BRP from C$108.00 to C$116.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Stifel Nicolaus increased their price target on shares of BRP from C$97.00 to C$106.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. National Bankshares raised their price objective on shares of BRP from C$101.00 to C$105.00 in a report on Tuesday, November 18th. Cibc World Mkts upgraded BRP from a “hold” rating to a “strong-buy” rating in a report on Monday, September 1st. Finally, TD Securities increased their target price on BRP from C$87.00 to C$107.00 and gave the stock a “buy” rating in a research report on Tuesday, September 2nd. Three investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$97.33.

BRP Price Performance

Shares of BRP stock opened at C$97.49 on Wednesday. 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 company has a market cap of C$7.13 billion, a PE ratio of -194.98, a P/E/G ratio of 2.05 and a beta of 1.09. The business has a 50 day moving average of C$90.58 and a 200 day moving average of C$77.39. BRP has a 52 week low of C$43.88 and a 52 week high of C$98.85.

BRP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, October 14th were given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, September 29th. BRP’s payout ratio is currently -170.00%.

BRP Company Profile

BRP designs, develops, manufactures, distributes, and markets snowmobiles, all-terrain vehicles, and personal watercraft under the Ski-Doo, Sea-Doo, Can-Am, and Lynx brand names. It also builds engines under the Rotax brand (after discontinuing the Evinrude outboard engine business in 2020) and offers clothing, parts, and accessories that cater to its core consumers.