BRP Inc. (DOO) To Go Ex-Dividend on April 4th

BRP Inc. (TSE:DOO) declared a quarterly dividend on Friday, April 4th, TickerTech Dividends reports. Stockholders of record on Friday, April 18th will be paid a dividend of 0.215 per share on Friday, April 18th. This represents a $0.86 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Friday, April 4th. This is a 2.4% increase from BRP’s previous quarterly dividend of $0.21.

BRP Trading Up 5.3 %

Shares of DOO stock opened at C$51.18 on Wednesday. The firm has a market capitalization of C$3.76 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. 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 1 year low of C$47.16 and a 1 year high of C$102.46. The stock has a fifty day moving average of C$59.96 and a two-hundred day moving average of C$69.16.

Wall Street Analyst Weigh In

A number of research firms have commented on DOO. Royal Bank of Canada dropped their price target on shares of BRP from C$99.00 to C$69.00 in a research report on Friday, March 28th. Raymond James lowered their price objective on shares of BRP from C$98.00 to C$65.00 in a research note on Thursday, March 27th. BMO Capital Markets decreased their target price on shares of BRP from C$100.00 to C$70.00 in a report on Thursday, March 27th. Scotiabank lowered their target price on BRP from C$91.00 to C$86.00 and set a “sector perform” rating on the stock in a research note on Monday, December 9th. Finally, TD Securities reduced their target price on shares of BRP from C$70.00 to C$65.00 and set a “hold” rating for the company in a research note on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$71.23.

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.