BRP Inc. (TSE:DOO) Declares Dividend Increase – $0.21 Per Share

BRP Inc. (TSE:DOO) announced a quarterly dividend on Friday, April 5th, TickerTech reports. Stockholders of record on Monday, April 22nd will be paid a dividend of 0.21 per share on Monday, April 22nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Friday, April 5th. This is an increase from BRP’s previous quarterly dividend of $0.18.

BRP Price Performance

DOO stock opened at C$100.34 on Thursday. The company has a debt-to-equity ratio of 438.99, a quick ratio of 0.20 and a current ratio of 1.40. BRP has a 52 week low of C$77.42 and a 52 week high of C$122.41. The firm’s fifty day moving average is C$88.56 and its 200 day moving average is C$92.97. The firm has a market cap of C$3.52 billion, a P/E ratio of 8.70, a P/E/G ratio of 1.94 and a beta of 2.41.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DOO shares. Scotiabank reduced their target price on shares of BRP from C$109.00 to C$105.00 and set an “outperform” rating on the stock in a report on Tuesday, March 26th. DA Davidson increased their target price on shares of BRP from C$99.00 to C$105.00 in a report on Tuesday. CIBC raised their price target on shares of BRP from C$106.00 to C$110.00 in a report on Monday. National Bankshares raised their price target on shares of BRP from C$105.00 to C$112.00 in a report on Monday. Finally, Desjardins cut their price target on shares of BRP from C$117.00 to C$112.00 and set a “buy” rating on the stock in a report on Monday, March 25th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$105.23.

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.