BRP (TSE:DOO) Given New C$60.00 Price Target at Citigroup

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

A number of other analysts have also issued reports on the company. Baird R W lowered BRP from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Desjardins raised BRP from a “hold” rating to a “moderate buy” rating in a research report on Thursday, May 29th. BMO Capital Markets cut their price objective on BRP from C$100.00 to C$70.00 in a report on Thursday, March 27th. UBS Group cut their price objective on BRP from C$64.00 to C$50.00 in a report on Wednesday, April 23rd. Finally, TD Securities upgraded BRP from a “hold” rating to a “strong-buy” rating in a report on Friday, May 30th. Nine equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$69.79.

BRP Price Performance

BRP stock opened at C$64.33 on Tuesday. The company’s 50 day simple moving average is C$50.59 and its 200-day simple moving average is C$60.75. The company has a market capitalization of C$4.73 billion, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. BRP has a 1 year low of C$43.88 and a 1 year high of C$102.16. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37.

BRP Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, April 18th were issued a dividend of $0.215 per share. This is an increase from BRP’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, April 4th. This represents a $0.86 annualized dividend and a yield of 1.34%. BRP’s dividend payout ratio is 31.66%.

BRP Company Profile

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.