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.
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%.
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.
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