Dorel Industries (TSE:DII.B) Price Target Cut to C$5.00 by Analysts at BMO Capital Markets

Dorel Industries (TSE:DII.B) had its price objective trimmed by BMO Capital Markets from C$7.00 to C$5.00 in a report published on Friday,BayStreet.CA reports.

Separately, TD Securities cut shares of Dorel Industries from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$12.00 to C$4.50 in a report on Friday.

Dorel Industries Trading Down 5.9 %

TSE DII.B opened at C$4.15 on Friday. Dorel Industries has a 52 week low of C$4.02 and a 52 week high of C$7.69. The business has a 50 day moving average price of C$5.68 and a 200-day moving average price of C$6.32. The company has a quick ratio of 0.64, a current ratio of 1.45 and a debt-to-equity ratio of 287.70. The company has a market cap 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.

About Dorel Industries

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.