BRP (TSE:DOO) Price Target Lowered to C$61.00 at National Bankshares

BRP (TSE:DOO) had its target price trimmed by National Bankshares from C$65.00 to C$61.00 in a research report report published on Thursday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Several other brokerages also recently weighed in on DOO. Canaccord Genuity Group reduced their target price on shares of BRP from C$80.00 to C$60.00 in a research note on Friday, March 21st. Baird R W cut shares of BRP from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Raymond James dropped their target price on shares of BRP from C$98.00 to C$65.00 in a report on Thursday, March 27th. Royal Bank of Canada lowered their price target on shares of BRP from C$99.00 to C$69.00 in a report on Friday, March 28th. Finally, BMO Capital Markets lowered their target price on shares of BRP from C$100.00 to C$70.00 in a research note on Thursday, March 27th. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, BRP presently has a consensus rating of “Hold” and a consensus target price of C$69.21.

BRP Price Performance

BRP stock opened at C$49.91 on Thursday. The company has a market cap of C$3.67 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 2.05 and a beta of 2.28. The firm’s fifty day moving average is C$49.72 and its 200 day moving average is C$61.53. The company has a quick ratio of 0.20, a current ratio of 1.37 and a debt-to-equity ratio of 573.79. BRP has a 52-week low of C$43.88 and a 52-week high of C$102.16.

BRP Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, April 18th were issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.72%. This is a positive change from BRP’s previous quarterly dividend of $0.21. The ex-dividend date was Friday, April 4th. BRP’s payout ratio is 31.66%.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.