BRP (TSE:DOO) Price Target Raised to C$117.00

BRP (TSE:DOO) had its price objective raised by Scotiabank from C$102.00 to C$117.00 in a research report released on Friday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Several other research analysts have also issued reports on the company. CIBC raised their price target on BRP from C$115.00 to C$118.00 and gave the stock an “outperform” rating in a research report on Friday. Loop Capital raised BRP to a “strong-buy” rating in a research note on Thursday, November 13th. National Bankshares raised their target price on BRP from C$101.00 to C$105.00 in a report on Tuesday, November 18th. Stifel Nicolaus boosted their target price on BRP from C$106.00 to C$120.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Natl Bk Canada raised BRP from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Four analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$109.08.

BRP Price Performance

DOO opened at C$106.12 on Friday. The company has a fifty day moving average price of C$92.23 and a two-hundred day moving average price of C$79.49. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37. BRP has a 52 week low of C$43.88 and a 52 week high of C$108.90. The firm has a market capitalization of C$7.76 billion, a PE ratio of -212.24, a P/E/G ratio of 2.05 and a beta of 1.07.

BRP Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Tuesday, October 14th were paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, September 29th. BRP’s payout ratio is presently -170.00%.

About BRP

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.