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

BRP (TSE:DOO) had its price objective hoisted by BMO Capital Markets from C$105.00 to C$115.00 in a report released on Friday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

DOO has been the topic of a number of other reports. Scotiabank raised their price objective on BRP from C$98.00 to C$102.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 14th. National Bankshares boosted their target price on BRP from C$101.00 to C$105.00 in a report on Tuesday, November 18th. TD Securities raised their price target on shares of BRP from C$87.00 to C$107.00 and gave the company a “buy” rating in a report on Tuesday, September 2nd. CIBC lifted their price target on shares of BRP from C$100.00 to C$115.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Finally, Loop Capital upgraded shares of BRP to a “strong-buy” rating in a research note on Thursday, November 13th. Four investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, BRP presently has a consensus rating of “Buy” and a consensus price target of C$109.08.

BRP Price Performance

Shares of BRP stock opened at C$106.12 on Friday. BRP has a twelve month low of C$43.88 and a twelve month high of C$108.90. The stock has a market capitalization of C$7.76 billion, a P/E ratio of -212.24, a PEG ratio of 2.05 and a beta of 1.07. The company has a current ratio of 1.37, a quick ratio of 0.20 and a debt-to-equity ratio of 573.79. The business’s fifty day moving average price is C$92.23 and its 200 day moving average price is C$79.49.

BRP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Tuesday, October 14th were given a $0.215 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a $0.86 annualized dividend and a yield of 0.8%. BRP’s dividend payout ratio (DPR) is -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.