BRP (TSE:DOO) Price Target Raised to C$131.00

BRP (TSE:DOO) had its price objective increased by Royal Bank Of Canada from C$107.00 to C$131.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

DOO has been the subject of several other research reports. BMO Capital Markets lifted their price target on shares of BRP from C$105.00 to C$115.00 and gave the stock an “outperform” rating in a research report on Friday. Stifel Nicolaus raised their price objective on shares of BRP from C$106.00 to C$120.00 and gave the company a “buy” rating in a research note on Friday. Desjardins lifted their target price on shares of BRP from C$117.00 to C$130.00 and gave the stock a “buy” rating in a report on Friday. Cibc World Mkts upgraded shares of BRP from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 1st. Finally, Loop Capital upgraded BRP to a “strong-buy” rating in a research report on Thursday, November 13th. Four investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, BRP has an average rating of “Buy” and a consensus price target of C$109.08.

BRP Price 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 12 month low of C$43.88 and a 12 month 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 stock has a 50-day moving average price of C$92.23 and a 200 day moving average price of C$79.49.

BRP Announces Dividend

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