BMO Capital Markets Has Lowered Expectations for Dorel Industries (TSE:DII.B) Stock Price

Dorel Industries (TSE:DII.B) had its price objective decreased by analysts at BMO Capital Markets from C$7.00 to C$5.00 in a research report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 20.48% from the company’s previous close.

Separately, TD Securities lowered Dorel Industries from a “buy” rating to a “hold” rating and dropped their target price for the company from C$12.00 to C$4.50 in a research report on Friday.

Dorel Industries Stock Down 5.9 %

Shares of TSE DII.B opened at C$4.15 on Friday. The stock has a market capitalization of C$117.94 million, a price-to-earnings ratio of -1.06, a P/E/G ratio of -0.11 and a beta of 3.06. The company has a current ratio of 1.45, a quick ratio of 0.64 and a debt-to-equity ratio of 287.70. The firm’s 50-day moving average price is C$5.68 and its 200-day moving average price is C$6.32. Dorel Industries has a 12-month low of C$4.02 and a 12-month high of C$7.69.

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.