Dorel Industries (TSE:DII.B) Price Target Cut to C$10.00

Dorel Industries (TSE:DII.B – Get Rating) had its target price lowered by equities research analysts at TD Securities from C$11.50 to C$10.00 in a report issued on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 132.56% from the company’s previous close.

Separately, BMO Capital Markets lowered their price target on Dorel Industries from C$7.00 to C$6.00 in a report on Wednesday.

Dorel Industries Stock Performance

DII.B opened at C$4.30 on Wednesday. The company has a debt-to-equity ratio of 153.51, a quick ratio of 0.64 and a current ratio of 1.82. The company has a market cap of C$122.08 million, a PE ratio of -0.98, a price-to-earnings-growth ratio of -0.11 and a beta of 2.93. The stock has a 50-day moving average of C$5.26 and a 200-day moving average of C$5.35. Dorel Industries has a 52-week low of C$4.15 and a 52-week high of C$10.27.

Dorel Industries Company Profile

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Dorel Industries Inc designs, manufactures, sources, markets, and distributes juvenile products, bicycles, and furniture worldwide. The company's Dorel Home segment engages in the design, manufacture, sourcing, and distribution of ready-to assemble furniture and home furnishings, including metal folding furniture, children's furniture, step stool, hand truck, ladder, outdoor furniture, and other imported furniture and futon products.