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.

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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