BRP (TSE:DOO) Given New C$80.00 Price Target at Scotia

BRP (TSE:DOO) had its price target lowered by Scotia from C$117.00 to C$80.00 in a research report report published on Thursday,BayStreet.CA reports. Scotia currently has a sector perform rating on the stock.

Several other research analysts have also weighed in on DOO. Raymond James Financial lowered their target price on shares of BRP from C$117.00 to C$115.00 in a research note on Friday, March 27th. Desjardins increased their target price on shares of BRP from C$130.00 to C$138.00 and gave the stock a “buy” rating in a research note on Friday, March 27th. Royal Bank Of Canada lowered their target price on shares of BRP from C$131.00 to C$124.00 and set an “outperform” rating for the company in a research note on Monday, March 30th. Seaport Research Partners cut shares of BRP from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Wells Fargo & Company increased their price target on shares of BRP from C$105.00 to C$110.00 and gave the stock an “overweight” rating in a research report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$103.88.

BRP Trading Up 7.7%

Shares of DOO stock opened at C$75.24 on Thursday. The company has a debt-to-equity ratio of 443.59, a current ratio of 1.27 and a quick ratio of 0.20. The firm has a market cap of C$5.50 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 2.05 and a beta of 0.94. The company has a 50-day moving average of C$97.82 and a two-hundred day moving average of C$97.63. BRP has a 1-year low of C$43.88 and a 1-year high of C$112.26.

BRP (TSE:DOO) last announced its earnings results on Thursday, March 26th. The company reported C$2.21 earnings per share for the quarter. The company had revenue of C$2.46 billion during the quarter. BRP had a net margin of 3.45% and a return on equity of 54.95%. On average, analysts predict that BRP will post 6.890971 EPS for the current year.

BRP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Friday, April 24th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, April 10th. BRP’s dividend payout ratio is currently 21.77%.

Key Headlines Impacting BRP

Here are the key news stories impacting BRP this week:

• Positive Sentiment: Desjardins cut its price target from C$138 to C$97 but kept a “buy” rating, implying more than ~30% upside versus the prior trading reference — a vote of confidence that likely supported buying interest today. Desjardins lowers PT to C$97 but remains Buy
• Neutral Sentiment: A Seeking Alpha piece argued that tariff-related panic around BRP is “justified, but exaggerated,” suggesting the worst-case trade-war outcomes may be priced in — this can temper downside and encourage bargain hunting if investors agree. BRP: Justified, But Exaggerated, Tariff Panic
• Neutral Sentiment: Scotia lowered its target to C$80 and moved to “sector perform” (single-digit implied upside). The smaller downside/upside gap makes the call less market-moving than outright negative downgrades. Scotia cuts PT to C$80
• Negative Sentiment: Several brokerages downgraded BRP this week and cut targets — TD cut from strong-buy to hold (PT down to mid‑C$80s), National Bank cut from outperform to hold (PT C$80 from C$125), and Canaccord moved to hold with a C$90 target — the cluster of downgrades and lower targets is the main negative pressure on the stock. Analyst downgrades and PT cuts Canaccord downgrade (AmericanBankingNews) TD downgrade (AmericanBankingNews)

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. In 2018, BRP created a marine group, acquiring boat manufacturers Alumacraft, Triton (which makes Manitou pontoon boats), and Telwater (in Australia).