Dorel Industries (TSE:DII.B) Raised to Hold at TD Securities

Dorel Industries (TSE:DII.B) was upgraded by research analysts at TD Securities from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a C$2.50 target price on the stock, up from their previous target price of C$1.00. TD Securities’ price objective points to a potential upside of 24.38% from the company’s previous close.

Separately, BMO Capital Markets increased their price target on Dorel Industries from C$1.50 to C$2.00 in a research report on Friday, October 3rd. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$2.25.

Dorel Industries Stock Performance

Shares of TSE DII.B opened at C$2.01 on Thursday. The stock has a 50 day moving average price of C$1.45 and a 200 day moving average price of C$1.52. Dorel Industries has a 52 week low of C$1.15 and a 52 week high of C$5.80. 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 stock has a market capitalization of C$65.66 million, a PE ratio of -0.40, a price-to-earnings-growth ratio of -0.11 and a beta of 1.23.

Dorel Industries Company Profile

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.