BRP (TSE:DOO) Given New C$127.00 Price Target at Scotiabank

BRP (TSE:DOOGet Rating) had its price objective hoisted by Scotiabank from C$126.00 to C$127.00 in a report issued on Thursday, BayStreet.CA reports.

DOO has been the topic of several other reports. Raymond James lowered their price target on shares of BRP from C$146.00 to C$135.00 in a report on Monday, June 6th. Desjardins reaffirmed a buy rating on shares of BRP in a research note on Monday, June 6th. CIBC lifted their price objective on shares of BRP from C$125.00 to C$132.00 and gave the company an outperform rating in a research note on Thursday. DA Davidson reduced their price objective on shares of BRP from C$134.00 to C$122.00 and set a buy rating for the company in a research note on Tuesday, June 7th. Finally, Royal Bank of Canada lifted their price objective on shares of BRP from C$111.00 to C$113.00 in a research note on Thursday, July 7th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of C$135.50.

BRP Stock Down 3.9 %

BRP stock opened at C$93.84 on Thursday. The company’s fifty day simple moving average is C$93.68 and its 200-day simple moving average is C$93.18. BRP has a 12 month low of C$73.74 and a 12 month high of C$125.00. The stock has a market cap of C$7.39 billion and a P/E ratio of 11.76.

BRP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Wednesday, September 28th. BRP’s dividend payout ratio is currently 6.89%.

BRP Company Profile

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BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The company operates through two segments, Powersports and Marine. It offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products, such as snowmobiles and personal watercraft; and engines for jet boats, outboards, karts, motorcycles, and recreational aircraft.

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