BRP Inc. (TSE:DOO) Plans Quarterly Dividend of $0.22

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

BRP Stock Performance

BRP stock opened at C$51.18 on Wednesday. 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 company has a market cap of C$3.76 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. BRP has a fifty-two week low of C$47.16 and a fifty-two week high of C$102.46. The firm’s 50 day simple moving average is C$59.96 and its 200-day simple moving average is C$69.16.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DOO. Scotiabank cut their target price on shares of 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. DA Davidson lowered their price target on BRP from C$96.00 to C$88.00 in a report on Tuesday, December 10th. Royal Bank of Canada reduced their price objective on BRP from C$99.00 to C$69.00 in a research note on Friday, March 28th. Raymond James lowered their target price on BRP from C$98.00 to C$65.00 in a research note on Thursday, March 27th. Finally, BMO Capital Markets dropped their target price on BRP from C$100.00 to C$70.00 in a report on Thursday, March 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.