BRP Inc. (TSE:DOO) Plans Quarterly Dividend of $0.21

BRP Inc. (TSE:DOO) declared a quarterly dividend on Wednesday, March 27th, TickerTech reports. Stockholders of record on Monday, April 8th will be given a dividend of 0.21 per share on Monday, April 22nd. This represents a $0.84 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Friday, April 5th. This is a positive change from BRP’s previous quarterly dividend of $0.18.

BRP Stock Performance

DOO opened at C$90.95 on Friday. The firm has a market cap of C$3.19 billion, a P/E ratio of 7.89, a PEG ratio of 1.94 and a beta of 2.41. BRP has a 1-year low of C$77.42 and a 1-year high of C$122.41. The company has a 50 day simple moving average of C$88.11 and a two-hundred day simple moving average of C$93.15. The company has a debt-to-equity ratio of 438.99, a current ratio of 1.40 and a quick ratio of 0.20.

Analyst Upgrades and Downgrades

DOO has been the subject of a number of analyst reports. DA Davidson cut their price target on BRP from C$126.00 to C$99.00 and set a “buy” rating for the company in a research note on Monday, December 4th. Royal Bank of Canada cut their price objective on shares of BRP from C$147.00 to C$110.00 and set an “outperform” rating for the company in a report on Friday, December 1st. National Bankshares lowered their target price on shares of BRP from C$107.00 to C$105.00 and set an “outperform” rating on the stock in a report on Tuesday, March 19th. Canaccord Genuity Group downgraded shares of BRP from a “buy” rating to a “hold” rating and reduced their price target for the company from C$136.00 to C$90.00 in a report on Friday, December 1st. Finally, Scotiabank dropped their price objective on shares of BRP from C$109.00 to C$105.00 and set an “outperform” rating for the company in a report on Tuesday. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$104.62.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in North America, Europe, Australia, New Zealand, and Latin America. The company operates through two segments, Powersports and Marine. The Powersports segment offers year-round products, such as Can-Am ATVs, SSVs, and 3WVs; seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo PWCs and pontoons, and Rotax engines for karts and recreational aircraft.