BRP (TSE:DOO) Price Target Raised to C$118.00

BRP (TSE:DOO) had its target price increased by CIBC from C$115.00 to C$118.00 in a research report sent to investors on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other analysts have also recently issued reports about the stock. Scotiabank lifted their target price on shares of BRP from C$98.00 to C$102.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 14th. Canaccord Genuity Group lifted their price objective on shares of BRP from C$116.00 to C$118.00 in a research note on Friday. Stifel Nicolaus upped their price objective on shares of BRP from C$106.00 to C$120.00 and gave the stock a “buy” rating in a report on Friday. National Bankshares raised their target price on BRP from C$101.00 to C$105.00 in a report on Tuesday, November 18th. Finally, Loop Capital upgraded BRP to a “strong-buy” rating in a research note on Thursday, November 13th. Four research 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$109.08.

BRP Stock Up 1.0%

DOO opened at C$106.12 on Friday. The company has a market capitalization of C$7.76 billion, a PE ratio of -212.24, a price-to-earnings-growth ratio of 2.05 and a beta of 1.07. The company has a debt-to-equity ratio of 573.79, a current ratio of 1.37 and a quick ratio of 0.20. BRP has a fifty-two week low of C$43.88 and a fifty-two week high of C$108.90. The business has a 50-day moving average of C$92.23 and a 200-day moving average of C$79.49.

BRP Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Tuesday, October 14th were given a dividend of $0.215 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a $0.86 dividend on an annualized basis and a yield of 0.8%. 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.