BMO Capital Markets Lowers BRP (DOO) Price Target to C$65.00

BRP (TSE:DOO) had its target price lowered by BMO Capital Markets from C$76.00 to C$65.00 in a research note issued to investors on Monday morning.

DOO has been the topic of a number of other research reports. National Bank Financial set a C$71.00 target price on shares of BRP and gave the stock an outperform rating in a research report on Tuesday, October 9th. Royal Bank of Canada upgraded shares of BRP from a sector perform rating to an outperform rating and set a C$70.00 target price on the stock in a research report on Tuesday, October 9th. Desjardins decreased their target price on shares of BRP from C$78.00 to C$74.00 in a research report on Monday. CIBC increased their target price on shares of BRP from C$69.00 to C$79.00 in a research report on Friday, August 31st. Finally, Robert W. Baird decreased their target price on shares of BRP from C$75.00 to C$65.00 and set an outperform rating on the stock in a research report on Tuesday, October 9th. Five research analysts have rated the stock with a buy rating, The company presently has an average rating of Buy and a consensus price target of C$65.13.

Shares of TSE:DOO opened at C$40.60 on Monday. BRP has a 12-month low of C$39.69 and a 12-month high of C$74.67.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Friday, December 28th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, December 27th. BRP’s dividend payout ratio (DPR) is presently 15.58%.

In other news, insider Tracy Jerry Crocker purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, September 19th. The stock was bought at an average price of C$45.80 per share, with a total value of C$91,600.00.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and propulsion systems worldwide. The company offers all-terrain, side-by-side, and spyder vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircrafts.

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Analyst Recommendations for BRP (TSE:DOO)

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