TD Securities Cuts Dorel Industries (TSE:DII.B) Price Target to C$10.00

Dorel Industries (TSE:DII.B – Get Rating) had its price target lowered by TD Securities from C$11.50 to C$10.00 in a report issued on Wednesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

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

Dorel Industries Price Performance

Shares of Dorel Industries stock opened at C$4.17 on Wednesday. The business has a 50 day simple moving average of C$5.21 and a two-hundred day simple moving average of C$5.33. Dorel Industries has a 12 month low of C$4.15 and a 12 month high of C$10.27. The stock has a market capitalization of C$118.39 million, a P/E ratio of -0.97, a PEG ratio of -0.11 and a beta of 2.93. The company has a debt-to-equity ratio of 153.51, a current ratio of 1.82 and a quick ratio of 0.64.

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.