BRP Inc. (TSE:DOO) to Issue Dividend Increase – $0.21 Per Share

BRP Inc. (TSE:DOO) declared a quarterly dividend on Friday, April 5th, TickerTech reports. Stockholders of record on Monday, April 22nd will be paid a dividend of 0.21 per share on Monday, April 22nd. This represents a $0.84 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, April 5th. This is a boost from BRP’s previous quarterly dividend of $0.18.

BRP Trading Down 1.0 %

Shares of TSE:DOO opened at C$100.34 on Thursday. BRP has a 52-week low of C$77.42 and a 52-week high of C$122.41. The stock has a market cap of C$3.52 billion, a price-to-earnings ratio of 8.70, a PEG ratio of 1.94 and a beta of 2.41. The company has a quick ratio of 0.20, a current ratio of 1.40 and a debt-to-equity ratio of 438.99. The business has a 50-day moving average price of C$88.56 and a 200-day moving average price of C$92.97.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DOO shares. CIBC lifted their price target on BRP from C$106.00 to C$110.00 in a research report on Monday. Stifel Nicolaus raised their price objective on BRP from C$100.00 to C$112.00 in a report on Monday. National Bankshares raised their price objective on BRP from C$105.00 to C$112.00 in a report on Monday. TD Securities raised their price objective on BRP from C$95.00 to C$100.00 in a report on Monday. Finally, Raymond James dropped their price objective on BRP from C$114.00 to C$108.00 in a report on Monday. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$105.23.

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.