Dorel Industries (TSE:DII.B) Given New C$7.00 Price Target at Royal Bank of Canada

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Dorel Industries (TSE:DII.B) had its target price raised by Royal Bank of Canada from C$6.00 to C$7.00 in a report released on Monday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other equities analysts have also recently weighed in on DII.B. BMO Capital Markets cut their price target on Dorel Industries from C$11.00 to C$8.50 in a report on Thursday, October 3rd. TD Securities cut Dorel Industries from a buy rating to a hold rating and cut their price target for the stock from C$13.00 to C$7.50 in a report on Thursday, October 3rd.

Shares of TSE DII.B traded down C$0.02 during trading on Monday, reaching C$4.94. The company had a trading volume of 86,035 shares, compared to its average volume of 32,456. Dorel Industries has a twelve month low of C$4.65 and a twelve month high of C$20.08. The stock has a market capitalization of $139.58 million and a PE ratio of -0.35. The stock has a 50-day moving average price of C$5.52 and a two-hundred day moving average price of C$9.04. The company has a current ratio of 1.50, a quick ratio of 0.55 and a debt-to-equity ratio of 130.27.

Dorel Industries Company Profile

Dorel Industries Inc designs, manufactures, sources, markets, and distributes juvenile products, bicycles, and furniture worldwide. The company's Dorel Home segment engages in the design, manufacture, sourcing, and distribution of ready-to assemble furniture and home furnishings, including metal folding furniture, children's furniture, step stool, hand truck, ladder, outdoor furniture, and other imported furniture and futon products.

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