BRP (TSE:DOO) Stock Rating Upgraded by Citigroup

Citigroup upgraded shares of BRP (TSE:DOO - Free Report) from a sell rating to a neutral rating in a report released on Friday morning, Marketbeat.com reports. Citigroup currently has C$52.00 price target on the stock, up from their previous price target of C$39.00.

DOO has been the subject of a number of other reports. CIBC lowered their target price on BRP from C$82.00 to C$64.00 in a research note on Thursday, March 27th. BMO Capital Markets lowered their price objective on shares of BRP from C$100.00 to C$70.00 in a research report on Thursday, March 27th. Raymond James reduced their target price on shares of BRP from C$98.00 to C$65.00 in a research report on Thursday, March 27th. DA Davidson lowered their price target on shares of BRP from C$96.00 to C$88.00 in a report on Tuesday, December 10th. Finally, Royal Bank of Canada reduced their price objective on BRP from C$99.00 to C$69.00 in a report on Friday, March 28th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, BRP presently has a consensus rating of "Hold" and an average target price of C$72.23.

BRP Price Performance

TSE DOO traded up C$5.36 during trading hours on Friday, reaching C$52.63. 270,068 shares of the company's stock were exchanged, compared to its average volume of 186,830. The firm has a fifty day moving average of C$56.95 and a 200-day moving average of C$67.74. BRP has a one year low of C$46.04 and a one year high of C$102.16. The stock has a market cap of C$3.87 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The company has a current ratio of 1.37, a quick ratio of 0.20 and a debt-to-equity ratio of 573.79.

BRP Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 18th will be paid a $0.215 dividend. The ex-dividend date of this dividend is Friday, April 4th. This is a boost from BRP's previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.63%. BRP's dividend payout ratio is 31.66%.

About BRP

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.