Dorel Industries (DII.B) Price Target Cut to C$16.00 by Analysts at TD Securities

Dorel Industries (TSE:DII.B) had its price objective lowered by analysts at TD Securities from C$20.00 to C$16.00 in a report issued on Friday. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target suggests a potential upside of 34.12% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Royal Bank of Canada cut their price target on Dorel Industries from C$24.00 to C$16.00 and set a “sector perform” rating on the stock in a research note on Friday. National Bank Financial restated a “sector perform” rating and set a C$22.00 price target on shares of Dorel Industries in a research note on Friday, January 18th. Four equities research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average target price of C$20.60.

Shares of Dorel Industries stock traded down C$1.82 during trading on Friday, hitting C$11.93. 282,030 shares of the stock traded hands, compared to its average volume of 32,456. The firm has a market cap of $371.77 million and a P/E ratio of -58.77. The company has a current ratio of 1.78, a quick ratio of 0.75 and a debt-to-equity ratio of 47.12. Dorel Industries has a 52-week low of C$26.90 and a 52-week high of C$36.54.

Dorel Industries Company Profile

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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