BRP (TSE:DOO) Price Target Cut to C$65.00 by Analysts at Raymond James

BRP (TSE:DOO - Free Report) had its target price trimmed by Raymond James from C$98.00 to C$65.00 in a research report report published on Thursday morning,BayStreet.CA reports.

A number of other research firms also recently weighed in on DOO. Canaccord Genuity Group reduced their price target on shares of BRP from C$88.00 to C$80.00 in a research note on Wednesday, November 27th. Stifel Nicolaus lowered their price target on shares of BRP from C$78.00 to C$58.00 and set a "buy" rating for the company in a report on Thursday. Scotiabank cut their price objective on BRP from C$91.00 to C$86.00 and set a "sector perform" rating on the stock in a report on Monday, December 9th. TD Securities lowered their target price on BRP from C$83.00 to C$70.00 and set a "hold" rating for the company in a report on Tuesday, March 11th. Finally, Citigroup lowered BRP from a "neutral" rating to a "sell" rating and cut their price target for the company from C$70.00 to C$41.00 in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, BRP presently has an average rating of "Hold" and an average price target of C$71.23.

BRP Price Performance

DOO stock traded down C$0.06 during mid-day trading on Thursday, hitting C$48.59. The stock had a trading volume of 177,460 shares, compared to its average volume of 176,753. The firm has a fifty day simple moving average of C$61.04 and a 200 day simple moving average of C$69.51. The firm has a market capitalization of C$3.57 billion, a P/E ratio of 18.31, a P/E/G 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 has a 52 week low of C$47.16 and a 52 week high of C$102.46.

BRP Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 18th will be given a dividend of $0.215 per share. The ex-dividend date is Friday, April 4th. This represents a $0.86 dividend on an annualized basis and a yield of 1.77%. This is a boost from BRP's previous quarterly dividend of $0.21. BRP's dividend 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.