BRP Inc. (TSE:DOO) Receives Average Recommendation of “Buy” from Brokerages

Shares of BRP Inc. (TSE:DOO) have been given a consensus rating of “Buy” by the fifteen analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and four have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$110.83.

Several research firms recently issued reports on DOO. CIBC lifted their price target on shares of BRP from C$115.00 to C$118.00 and gave the company an “outperform” rating in a research report on Friday, December 5th. Royal Bank Of Canada raised their price objective on shares of BRP from C$107.00 to C$131.00 and gave the company an “outperform” rating in a research note on Friday, December 5th. Natl Bk Canada upgraded shares of BRP from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 4th. Scotiabank upped their target price on shares of BRP from C$102.00 to C$117.00 and gave the stock a “sector perform” rating in a report on Friday, December 5th. Finally, Canaccord Genuity Group raised their price target on shares of BRP from C$116.00 to C$118.00 in a research report on Friday, December 5th.

BRP Stock Up 0.8%

Shares of TSE:DOO opened at C$99.18 on Monday. The business’s 50 day simple moving average is C$94.80 and its two-hundred day simple moving average is C$82.60. The firm has a market cap of C$10.38 billion, a P/E ratio of 300.55, a PEG ratio of 2.05 and a beta of 1.07. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37. BRP has a 52-week low of C$43.88 and a 52-week high of C$108.90.

BRP Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, October 14th were paid a $0.215 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a $0.86 annualized dividend and a dividend yield of 0.9%. BRP’s dividend payout ratio is 259.09%.

About BRP

BRP designs, develops, manufactures, distributes, and markets snowmobiles, all-terrain vehicles, and personal watercraft under the Ski-Doo, Sea-Doo, Can-Am, and Lynx brand names. It also builds engines under the Rotax brand (after discontinuing the Evinrude outboard engine business in 2020) and offers clothing, parts, and accessories that cater to its core consumers. In 2018, BRP created a marine group, acquiring boat manufacturers Alumacraft, Triton (which makes Manitou pontoon boats), and Telwater (in Australia).