Brokerages Set BRP Inc. (TSE:DOO) Target Price at C$94.54

Shares of BRP Inc. (TSE:DOO) have received an average rating of “Moderate Buy” from the eleven research firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$94.54.

Several analysts have recently weighed in on the company. Cibc World Mkts upgraded BRP from a “hold” rating to a “strong-buy” rating in a report on Monday, September 1st. Canaccord Genuity Group raised their price target on shares of BRP from C$108.00 to C$116.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. TD Securities lifted their target price on BRP from C$87.00 to C$107.00 and gave the company a “buy” rating in a research note on Tuesday, September 2nd. BMO Capital Markets lifted their price objective on BRP from C$75.00 to C$105.00 in a report on Tuesday, September 2nd. Finally, Stifel Nicolaus raised their target price on shares of BRP from C$97.00 to C$106.00 and gave the company a “buy” rating in a research note on Friday, October 10th.

BRP Stock Performance

Shares of TSE DOO opened at C$87.98 on Friday. The company has a quick ratio of 0.20, a current ratio of 1.37 and a debt-to-equity ratio of 573.79. The stock has a market capitalization of C$6.43 billion, a P/E ratio of -175.96, a P/E/G ratio of 2.05 and a beta of 1.12. BRP has a 52-week low of C$43.88 and a 52-week high of C$96.10. The firm’s 50-day moving average price is C$89.11 and its two-hundred day moving average price is C$71.49.

BRP Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, October 14th were given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, September 29th. BRP’s payout ratio is presently -170.00%.

BRP Company Profile

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.