Dorel Industries (TSE:DII.B) PT Lowered to C$12.00 at TD Securities

Dorel Industries (TSE:DII.B) had its price target cut by equities research analysts at TD Securities from C$13.00 to C$12.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 74.42% from the stock’s previous close.

Dorel Industries Stock Performance

Shares of Dorel Industries stock traded down C$0.02 during trading hours on Tuesday, reaching C$6.88. The company had a trading volume of 1,535 shares, compared to its average volume of 13,571. The company has a debt-to-equity ratio of 194.33, a current ratio of 1.48 and a quick ratio of 0.64. Dorel Industries has a one year low of C$4.32 and a one year high of C$7.69. The firm has a market cap of C$195.53 million, a PE ratio of -3.38, a price-to-earnings-growth ratio of -0.11 and a beta of 3.10. The business has a fifty day simple moving average of C$6.89 and a 200 day simple moving average of C$6.46.

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.