BRP (TSE:DOO) Stock Crosses Below 200 Day Moving Average of $92.79

BRP Inc. (TSE:DOO) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$92.79 and traded as low as C$92.76. BRP shares last traded at C$95.38, with a volume of 178,540 shares traded.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DOO shares. National Bankshares raised their price objective on BRP from C$105.00 to C$112.00 in a research note on Monday, April 1st. TD Securities raised their price objective on BRP from C$95.00 to C$100.00 in a research note on Monday, April 1st. CIBC raised their price objective on BRP from C$106.00 to C$110.00 in a research note on Monday, April 1st. Scotiabank reduced their price objective on BRP from C$109.00 to C$105.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 26th. Finally, Stifel Nicolaus raised their price objective on BRP from C$100.00 to C$112.00 in a research note on Monday, April 1st. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, BRP currently has a consensus rating of “Moderate Buy” and an average target price of C$105.23.

BRP Price Performance

The company has a current ratio of 1.40, a quick ratio of 0.20 and a debt-to-equity ratio of 438.99. The stock has a 50-day simple moving average of C$90.60 and a 200 day simple moving average of C$92.79. The stock has a market capitalization of C$3.34 billion, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 1.94 and a beta of 2.41.

BRP Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 8th will be given a $0.21 dividend. This is an increase from BRP’s previous quarterly dividend of $0.18. This represents a $0.84 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Friday, April 5th. BRP’s payout ratio is currently 6.24%.

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.