TD Securities Trims Dorel Industries (DII.B) Target Price to C$16.00

Dorel Industries (TSE:DII.B) had its price target decreased by investment analysts at TD Securities from C$20.00 to C$16.00 in a report released on Friday. The brokerage presently has a “hold” rating on the stock. TD Securities’ price target suggests a potential upside of 26.08% from the stock’s previous close.

A number of other research firms have also weighed in on DII.B. Royal Bank of Canada decreased their price target on Dorel Industries from C$24.00 to C$16.00 and set a “sector perform” rating for the company in a research report on Friday. National Bank Financial reiterated a “sector perform” rating and issued a C$22.00 price target on shares of Dorel Industries in a research report on Friday, January 18th. Four research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus price target of C$20.60.

Shares of DII.B stock opened at C$12.69 on Friday. Dorel Industries has a fifty-two week low of C$26.90 and a fifty-two week high of C$36.54. The stock has a market cap of $358.50 million and a P/E ratio of -62.51. The company has a quick ratio of 0.75, a current ratio of 1.78 and a debt-to-equity ratio of 47.12.

About Dorel Industries

Dorel Industries Inc designs, manufactures, markets, and distributes juvenile products, bicycles, and furniture worldwide. The company operates through three segments: Dorel Juvenile, Dorel Sports, and Dorel Home. The Dorel Juvenile segment engages in the design, sourcing, manufacturing, distribution, and retail of children's accessories, which include infant car seats, strollers, high chairs, and infant health and safety aids.

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