BRP (TSE:DOO – Free Report) had its target price decreased by Scotiabank from C$109.00 to C$105.00 in a report issued on Tuesday morning, BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.
Several other research firms have also issued reports on DOO. Desjardins dropped their price objective on BRP from C$117.00 to C$112.00 and set a buy rating for the company in a research note on Monday. BMO Capital Markets dropped their price objective on BRP from C$150.00 to C$115.00 and set an outperform rating for the company in a research note on Friday, December 1st. Royal Bank of Canada dropped their price objective on BRP from C$147.00 to C$110.00 and set an outperform rating for the company in a research note on Friday, December 1st. Raymond James lifted their price objective on BRP from C$95.00 to C$114.00 in a research note on Thursday, January 4th. Finally, CIBC dropped their price objective on BRP from C$138.00 to C$106.00 and set an outperform rating for the company in a research note on Friday, December 1st. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of C$104.62.
Read Our Latest Analysis on BRP
BRP Price Performance
BRP Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 22nd will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.92%. This is a boost from BRP’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, April 5th. BRP’s payout ratio is presently 6.24%.
BRP Company Profile
BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in North America, Europe, Australia, New Zealand, and Latin America. The company operates through two segments, Powersports and Marine. The Powersports segment offers year-round products, such as Can-Am ATVs, SSVs, and 3WVs; seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo PWCs and pontoons, and Rotax engines for karts and recreational aircraft.
Read More
- Five stocks we like better than BRP
- Why is the Ex-Dividend Date Significant to Investors?
- 3 Value Stocks Too Small For Buffett’s Portfolio
- How to Use the MarketBeat Excel Dividend Calculator
- Foot Locker Builds Up Another Head of Steam; Gains Imminent
- The “How” and “Why” of Investing in 5G Stocks
- Disney Stock Catches 3 Upgrades In a Single Week
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.