BRP (TSE:DOO) Price Target Raised to C$120.00

BRP (TSE:DOO) had its target price upped by Stifel Nicolaus from C$106.00 to C$120.00 in a report released on Friday morning,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on DOO. Canaccord Genuity Group lifted their price target on BRP from C$108.00 to C$116.00 and gave the company a “buy” rating in a report on Friday, October 10th. CIBC raised their price objective on BRP from C$100.00 to C$115.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Scotiabank boosted their target price on shares of 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 increased their price target on shares of BRP from C$101.00 to C$105.00 in a research report on Tuesday, November 18th. Finally, BMO Capital Markets raised their price target on shares of BRP from C$75.00 to C$105.00 in a report on Tuesday, September 2nd. Four equities research 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$109.08.

BRP Stock Performance

Shares of DOO stock opened at C$106.12 on Friday. The firm has a market cap of C$7.76 billion, a price-to-earnings ratio of -212.24, a PEG ratio of 2.05 and a beta of 1.07. BRP has a 52-week low of C$43.88 and a 52-week high of C$108.90. 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’s 50 day moving average is C$92.23 and its 200 day moving average is C$79.49.

BRP Announces Dividend

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