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

Dorel Industries (TSE:DII.B) had its price target lowered by equities researchers at BMO Capital Markets from C$4.50 to C$2.25 in a report released on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 57.34% from the stock’s current price.

Separately, TD Securities lowered their target price on shares of Dorel Industries from C$2.00 to C$1.25 and set a “sell” rating on the stock in a report on Thursday.

Dorel Industries Stock Down 4.0%

Dorel Industries stock opened at C$1.43 on Thursday. The stock has a market cap of C$40.64 million, a P/E ratio of -0.36, a P/E/G ratio of -0.11 and a beta of 3.06. The company has a quick ratio of 0.64, a current ratio of 1.45 and a debt-to-equity ratio of 287.70. Dorel Industries has a twelve month low of C$1.25 and a twelve month high of C$7.69. The company’s 50-day moving average price is C$1.74 and its two-hundred day moving average price is C$3.42.

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.