BRP (TSE:DOO) Upgraded at Citigroup

Citigroup upgraded shares of BRP (TSE:DOO) from a sell rating to a neutral rating in a research report report published on Friday,BayStreet.CA reports. The firm currently has C$52.00 price target on the stock, up from their previous price target of C$39.00.

DOO has been the topic of a number of other reports. CIBC dropped their price target on BRP from C$82.00 to C$64.00 in a report on Thursday, March 27th. TD Securities cut their price target on shares of BRP from C$70.00 to C$65.00 and set a “hold” rating on the stock in a report on Thursday, March 27th. Raymond James lowered their price objective on shares of BRP from C$98.00 to C$65.00 in a research report on Thursday, March 27th. DA Davidson reduced their target price on shares of BRP from C$96.00 to C$88.00 in a research report on Tuesday, December 10th. Finally, Canaccord Genuity Group lowered their price target on shares of BRP from C$80.00 to C$60.00 in a report on Friday, March 21st. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$72.23.

BRP Trading Up 1.0 %

Shares of DOO stock opened at C$50.33 on Friday. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37. The company has a market capitalization of C$3.70 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 2.05 and a beta of 2.28. BRP has a 52-week low of C$47.16 and a 52-week high of C$102.16. The company has a 50-day simple moving average of C$58.43 and a two-hundred day simple moving average of C$68.46.

BRP Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 18th will be paid a $0.215 dividend. The ex-dividend date is Friday, April 4th. This represents a $0.86 annualized dividend and a yield of 1.71%. This is an increase from BRP’s previous quarterly dividend of $0.21. BRP’s dividend payout ratio (DPR) is currently 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.