Royal Bank of Canada Has Lowered Expectations for BRP (TSE:DOO) Stock Price

BRP (TSE:DOO - Free Report) had its target price decreased by Royal Bank of Canada from C$99.00 to C$69.00 in a report issued on Friday morning,BayStreet.CA reports.

Several other analysts also recently commented on DOO. DA Davidson lowered their target price on shares of BRP from C$96.00 to C$88.00 in a research note on Tuesday, December 10th. Citigroup lowered their price target on BRP from C$41.00 to C$39.00 in a report on Friday. BMO Capital Markets cut their price objective on shares of BRP from C$100.00 to C$70.00 in a report on Thursday, March 27th. Raymond James lowered their target price on shares of BRP from C$98.00 to C$65.00 in a report on Thursday, March 27th. Finally, Canaccord Genuity Group reduced their price target on shares of BRP from C$80.00 to C$60.00 in a report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of C$71.23.

BRP Stock Performance

Shares of TSE:DOO traded up C$2.59 during trading on Friday, hitting C$51.18. The company's stock had a trading volume of 202,246 shares, compared to its average volume of 177,158. The company has a debt-to-equity ratio of 573.79, a current ratio of 1.37 and a quick ratio of 0.20. The firm has a market cap of C$3.76 billion, a price-to-earnings ratio of 19.29, a P/E/G ratio of 2.05 and a beta of 2.28. BRP has a 12 month low of C$47.16 and a 12 month high of C$102.46. The company has a 50-day moving average of C$60.48 and a 200-day moving average of C$69.36.

BRP Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders 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 is a positive change from BRP's previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.68%. BRP's dividend payout ratio (DPR) 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.