Shares of BRP Inc. (TSE:DOO – Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$92.79 and traded as low as C$92.76. BRP shares last traded at C$95.38, with a volume of 178,540 shares changing hands.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the company. DA Davidson raised their target price on BRP from C$99.00 to C$105.00 in a report on Tuesday, April 2nd. National Bankshares raised their price objective on BRP from C$105.00 to C$112.00 in a report on Monday, April 1st. Desjardins cut their price objective on BRP from C$117.00 to C$112.00 and set a “buy” rating on the stock in a report on Monday, March 25th. CIBC raised their price objective on BRP from C$106.00 to C$110.00 in a report on Monday, April 1st. Finally, Scotiabank cut their price objective on BRP from C$109.00 to C$105.00 and set an “outperform” rating on the stock in a report on Tuesday, March 26th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, BRP presently has a consensus rating of “Moderate Buy” and an average price target of C$105.23.
Read Our Latest Research Report on BRP
BRP Price Performance
BRP Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 8th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.88%. This is a positive change from BRP’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, April 5th. BRP’s payout ratio is presently 6.24%.
About BRP
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.
Read More
- Five stocks we like better than BRP
- What to Know About Investing in Penny Stocks
- Comprehensive Analysis of PayPal Stock
- The “How” and “Why” of Investing in 5G Stocks
- Intuitive Surgical Stock Can Trend Much Higher This YearÂ
- Following Congress Stock Trades
- Alibaba Stock Analysis: Insights, Trends, and Future Predictions
Receive News & Ratings for BRP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRP and related companies with MarketBeat.com's FREE daily email newsletter.