BMO Capital Markets Cuts Dorel Industries (TSE:DII.B) Price Target to C$5.00

Dorel Industries (TSE:DII.B) had its target price lowered by BMO Capital Markets from C$7.00 to C$5.00 in a research report sent to investors on Friday morning,BayStreet.CA reports.

Separately, TD Securities downgraded Dorel Industries from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$12.00 to C$4.50 in a report on Friday.

Dorel Industries Trading Down 5.9 %

Shares of DII.B stock opened at C$4.15 on Friday. The firm has a market capitalization of C$117.94 million, a P/E ratio of -1.06, 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. The stock’s fifty day simple moving average is C$5.68 and its 200 day simple moving average is C$6.32. Dorel Industries has a twelve month low of C$4.02 and a twelve month high of C$7.69.

Dorel Industries Company Profile

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.