BRP (TSE:DOO) Given New C$100.00 Price Target at BMO Capital Markets

BRP (TSE:DOO) had its target price raised by BMO Capital Markets from C$98.00 to C$100.00 in a report issued on Monday morning, Price Targets.com reports. The brokerage currently has a strong-buy rating on the stock.

DOO has been the subject of a number of other research reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell started coverage on shares of BRP in a research note on Monday, April 26th. They issued a buy rating and a C$136.00 price objective for the company. Stifel Nicolaus raised shares of BRP from a hold rating to a buy rating in a research report on Friday, June 4th. TD Securities increased their price target on shares of BRP from C$105.00 to C$120.00 and gave the company a buy rating in a research report on Friday, March 26th. Canaccord Genuity increased their price target on shares of BRP from C$105.00 to C$120.00 and gave the company a strong-buy rating in a research report on Friday, March 26th. Finally, National Bank Financial raised their target price on shares of BRP to C$125.00 and gave the stock an outperform rating in a research report on Tuesday, May 18th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. BRP presently has a consensus rating of Buy and an average target price of C$113.44.

Shares of TSE:DOO opened at C$90.70 on Monday. The business has a fifty day moving average of C$106.08. The company has a market cap of C$7.62 billion and a price-to-earnings ratio of 9.64. BRP has a one year low of C$47.00 and a one year high of C$119.68.

BRP (TSE:DOO) last announced its quarterly earnings data on Thursday, March 25th. The company reported C$1.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$1.63 by C$0.19. The business had revenue of C$1.82 billion during the quarter, compared to analysts’ expectations of C$1.74 billion. On average, analysts anticipate that BRP will post 8.4471914 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 16th. Shareholders of record on Friday, July 2nd will be paid a dividend of $0.13 per share. The ex-dividend date is Wednesday, June 30th. This represents a $0.52 dividend on an annualized basis and a yield of 0.57%. BRP’s dividend payout ratio is currently 2.55%.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products worldwide. It operates in two segments, Powersports and Marine. The company offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products, such as snowmobiles and personal watercraft; and engines for jet boats, outboards, karts, motorcycles, and recreational aircraft.

Recommended Story: What is a resistance level?

Analyst Recommendations for BRP (TSE:DOO)

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.