Dorel Industries (TSE:DII.B) Given New C$7.00 Price Target at Royal Bank of Canada
Dorel Industries (TSE:DII.B) had its price target lifted by Royal Bank of Canada from C$6.00 to C$7.00 in a research report report published on Monday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.
Several other research firms have also recently commented on DII.B. BMO Capital Markets cut their price target on Dorel Industries from C$11.00 to C$8.50 in a research note on Thursday, October 3rd. TD Securities cut Dorel Industries from a buy rating to a hold rating and cut their price target for the stock from C$13.00 to C$7.50 in a research note on Thursday, October 3rd.
Shares of TSE:DII.B traded down C$0.02 during trading on Monday, hitting C$4.94. The company’s stock had a trading volume of 86,035 shares, compared to its average volume of 32,456. The company has a debt-to-equity ratio of 130.27, a quick ratio of 0.55 and a current ratio of 1.50. Dorel Industries has a fifty-two week low of C$4.65 and a fifty-two week high of C$20.08. The stock’s 50-day moving average price is C$5.52 and its two-hundred day moving average price is C$9.04. The company has a market capitalization of $139.58 million and a PE ratio of -0.35.
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.
Read More: What are earnings reports?
Receive News & Ratings for Dorel Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dorel Industries and related companies with MarketBeat.com's FREE daily email newsletter.