BRP (TSE:DOO) Price Target Raised to C$60.00 at Citigroup

BRP (TSE:DOO) had its price target upped by Citigroup from C$49.00 to C$60.00 in a research report released on Tuesday morning,BayStreet.CA reports.

Other equities research analysts also recently issued reports about the stock. Raymond James cut their price target on shares of BRP from C$98.00 to C$65.00 in a report on Thursday, March 27th. CIBC cut their price objective on BRP from C$82.00 to C$64.00 in a report on Thursday, March 27th. TD Securities upgraded BRP from a “hold” rating to a “strong-buy” rating in a report on Friday, May 30th. Stifel Canada upgraded BRP from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 29th. Finally, Royal Bank of Canada dropped their price objective on BRP from C$99.00 to C$69.00 in a report on Friday, March 28th. Nine equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$69.79.

BRP Stock Up 1.8%

Shares of TSE:DOO opened at C$62.11 on Tuesday. The company has a current ratio of 1.37, a quick ratio of 0.20 and a debt-to-equity ratio of 573.79. The company has a fifty day simple moving average of C$49.98 and a 200 day simple moving average of C$60.76. The firm has a market cap of C$4.57 billion, a PE ratio of 23.41, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. BRP has a 12-month low of C$43.88 and a 12-month high of C$102.16.

BRP Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, April 18th were issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Friday, April 4th. This is a positive change from BRP’s previous quarterly dividend of $0.21. BRP’s dividend payout ratio (DPR) is currently 31.66%.

About BRP

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 Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.