BMO Capital Markets Increases Dorel Industries (TSE:DII.B) Price Target to C$2.00

Dorel Industries (TSE:DII.B) had its price objective boosted by research analysts at BMO Capital Markets from C$1.50 to C$2.00 in a report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 25.00% from the stock’s current price.

Separately, TD Securities lowered their price objective on shares of Dorel Industries from C$1.25 to C$1.00 and set a “sell” rating for the company in a research note on Tuesday, August 12th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of C$1.50.

Dorel Industries Trading Down 1.2%

DII.B stock opened at C$1.60 on Friday. Dorel Industries has a 52 week low of C$1.15 and a 52 week high of C$5.80. The company’s 50-day simple moving average is C$1.39 and its 200 day simple moving average is C$1.52. The company has a market capitalization of C$52.27 million, a PE ratio of -0.32, a price-to-earnings-growth ratio of -0.11 and a beta of 1.23. The company has a debt-to-equity ratio of 287.70, a quick ratio of 0.64 and a current ratio of 1.45.

About Dorel Industries

Dorel Industries Inc is a Canadian company that sells juvenile products and furniture. Its segments include Dorel Home and Dorel Juvenile. Dorel Home segment is engaged in the design, sourcing, manufacturing, and distribution of ready-to-assemble furniture and home furnishings which include metal folding furniture, futons, children’s furniture, step stools, hand trucks, ladders, outdoor furniture, and other imported furniture items.