BMO Capital Markets Has Lowered Expectations for Dorel Industries (TSE:DII.B) Stock Price

Dorel Industries (TSE:DII.B) had its price target dropped by BMO Capital Markets from C$7.00 to C$5.00 in a research note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 21.36% from the company’s previous close.

Separately, TD Securities downgraded shares of Dorel Industries from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$12.00 to C$4.50 in a research note on Friday.

Dorel Industries Price Performance

Shares of TSE DII.B traded down C$0.29 during trading on Friday, reaching C$4.12. The company had a trading volume of 48,650 shares, compared to its average volume of 12,917. Dorel Industries has a 52 week low of C$4.02 and a 52 week high of C$7.69. The stock has a market cap of C$117.09 million, a PE ratio of -1.05, a PEG ratio of -0.11 and a beta of 3.06. The company has a debt-to-equity ratio of 287.70, a quick ratio of 0.64 and a current ratio of 1.45. The business’s 50 day moving average price is C$5.73 and its 200-day moving average price is C$6.33.

About Dorel Industries

Dorel Industries Inc engages in the design, manufacture, sourcing, marketing, and distribution of home and juvenile products worldwide. The company operates through Dorel Home and Dorel Juvenile segments. The Dorel Home segment offers ready-to assemble furniture and home furnishings products, including metal folding furniture, futons, children's furniture, step stools, hand trucks, ladders, outdoor furniture, and other imported furniture items.