TD Securities Raises Dorel Industries (TSE:DII.B) Price Target to C$6.00

Dorel Industries (TSE:DII.B) had its target price increased by equities research analysts at TD Securities from C$4.50 to C$6.00 in a report released on Tuesday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ target price would suggest a potential upside of 7.91% from the stock’s current price.

Separately, Royal Bank of Canada reduced their price objective on Dorel Industries from C$7.00 to C$4.00 and set a “sector perform” rating on the stock in a research note on Friday, March 13th.

Shares of DII.B stock traded up C$0.41 on Tuesday, reaching C$5.56. The company’s stock had a trading volume of 82,777 shares, compared to its average volume of 32,456. The company has a quick ratio of 0.83, a current ratio of 1.80 and a debt-to-equity ratio of 175.72. Dorel Industries has a 12-month low of C$1.25 and a 12-month high of C$11.12. The company has a market capitalization of $145.74 million and a P/E ratio of -3.01. The stock’s 50 day simple moving average is C$4.79 and its 200-day simple moving average is C$4.27.

About Dorel Industries

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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