BRP (TSE:DOO) Given New C$105.00 Price Target at DA Davidson

BRP (TSE:DOOFree Report) had its price target upped by DA Davidson from C$99.00 to C$105.00 in a report published on Tuesday, BayStreet.CA reports.

DOO has been the subject of several other research reports. Stifel Nicolaus upped their price target on BRP from C$100.00 to C$112.00 in a research note on Monday. TD Securities upped their price target on BRP from C$95.00 to C$100.00 in a research note on Monday. UBS Group downgraded BRP from a buy rating to a neutral rating and decreased their price target for the stock from C$190.00 to C$89.00 in a research note on Monday, December 4th. Desjardins decreased their target price on BRP from C$117.00 to C$112.00 and set a buy rating for the company in a research note on Monday, March 25th. Finally, CIBC increased their target price on BRP from C$106.00 to C$110.00 in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from, the company currently has a consensus rating of Moderate Buy and a consensus target price of C$105.23.

Check Out Our Latest Analysis on BRP

BRP Stock Performance

DOO opened at C$101.36 on Tuesday. The company has a market cap of C$3.55 billion, a PE ratio of 8.79, a price-to-earnings-growth ratio of 1.94 and a beta of 2.41. The stock has a 50-day moving average of C$88.35 and a 200-day moving average of C$92.91. BRP has a 52-week low of C$77.42 and a 52-week high of C$122.41. The company has a debt-to-equity ratio of 438.99, a quick ratio of 0.20 and a current ratio of 1.40.

BRP Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 8th will be issued a $0.21 dividend. This is a boost from BRP’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, April 5th. This represents a $0.84 annualized dividend and a yield of 0.83%. BRP’s dividend payout ratio is 6.24%.

About BRP

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BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in North America, Europe, Australia, New Zealand, and Latin America. The company operates through two segments, Powersports and Marine. The Powersports segment offers year-round products, such as Can-Am ATVs, SSVs, and 3WVs; seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo PWCs and pontoons, and Rotax engines for karts and recreational aircraft.

Further Reading

Analyst Recommendations for BRP (TSE:DOO)

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