Dorel Industries (TSE:DII.B) Price Target Cut to C$2.25 by Analysts at BMO Capital Markets

Dorel Industries (TSE:DII.B) had its price target lowered by investment analysts at BMO Capital Markets from C$4.50 to C$2.25 in a note issued to investors on Tuesday,BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 30.81% from the company’s previous close.

Separately, TD Securities cut shares of Dorel Industries from a “hold” rating to a “sell” rating and decreased their target price for the company from C$4.50 to C$2.00 in a research report on Thursday, March 13th.

Dorel Industries Stock Performance

Shares of Dorel Industries stock opened at C$1.72 on Tuesday. The company has a market capitalization of C$48.88 million, a PE ratio of -0.44, a P/E/G ratio of -0.11 and a beta of 3.06. The company has a 50-day simple moving average of C$1.96 and a two-hundred day simple moving average of C$3.61. Dorel Industries has a one year low of C$1.25 and a one year high of C$7.69. 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 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.