Dorel Industries (TSE:DII.B) had its target price lowered by investment analysts at BMO Capital Markets from C$24.00 to C$16.00 in a research note issued to investors on Friday. BMO Capital Markets’ price objective would indicate a potential upside of 34.12% from the stock’s current price.
Several other brokerages have also recently commented on DII.B. National Bank Financial reiterated a “sector perform” rating and set a C$22.00 price target on shares of Dorel Industries in a research report on Friday, January 18th. TD Securities dropped their target price on Dorel Industries from C$23.00 to C$20.00 and set a “hold” rating for the company in a report on Tuesday, January 15th. Finally, Royal Bank of Canada dropped their target price on Dorel Industries from C$27.00 to C$24.00 and set a “sector perform” rating for the company in a report on Wednesday, January 30th. Four equities research analysts have rated the stock with a hold rating, Dorel Industries currently has an average rating of “Hold” and an average price target of C$20.60.
Shares of DII.B traded down C$1.82 during trading hours on Friday, hitting C$11.93. 282,030 shares of the stock were exchanged, compared to its average volume of 32,456. The company has a debt-to-equity ratio of 47.12, a quick ratio of 0.75 and a current ratio of 1.78. Dorel Industries has a 12-month low of C$26.90 and a 12-month high of C$36.54. The stock has a market capitalization of $371.77 million and a price-to-earnings ratio of -58.77.
Dorel Industries Inc designs, manufactures, markets, and distributes juvenile products, bicycles, and furniture worldwide. The company operates through three segments: Dorel Juvenile, Dorel Sports, and Dorel Home. The Dorel Juvenile segment engages in the design, sourcing, manufacturing, distribution, and retail of children's accessories, which include infant car seats, strollers, high chairs, and infant health and safety aids.
Featured Article: What is the Dow Jones Industrial Average (DJIA)?
Receive News & Ratings for Dorel Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dorel Industries and related companies with MarketBeat.com's FREE daily email newsletter.