BMO Capital Markets Forecasts Strong Price Appreciation for Dorel Industries (TSE:DII.B) Stock

Key Points

• BMO Capital Markets has raised its price target for Dorel Industries (TSE:DII.B) from C$1.50 to C$2.00, indicating a potential upside of 20.48% from the current stock price.
• TD Securities has lowered its price objective for Dorel Industries to C$1.00 and assigned a "sell" rating, reflecting concerns about the company's valuation.
• As of the latest trading, Dorel Industries' stock price is C$1.66, with a year-long trading range between C$1.15 and C$5.80.

Dorel Industries (TSE:DII.B - Get Free Report) had its price objective raised by investment analysts at BMO Capital Markets from C$1.50 to C$2.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. BMO Capital Markets' target price would suggest a potential upside of 20.48% from the stock's current price.

Separately, TD Securities reduced their price objective on shares of Dorel Industries from C$1.25 to C$1.00 and set a "sell" rating on the stock in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Dorel Industries presently has a consensus rating of "Reduce" and a consensus target price of C$1.50.

Dorel Industries Price Performance

Shares of TSE DII.B traded up C$0.04 during midday trading on Friday, reaching C$1.66. The company's stock had a trading volume of 200 shares, compared to its average volume of 23,561. 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 company has a market cap of C$54.23 million, a price-to-earnings ratio of -0.33, a price-to-earnings-growth ratio of -0.11 and a beta of 1.23. Dorel Industries has a one year low of C$1.15 and a one year high of C$5.80. The company has a 50 day moving average price of C$1.38 and a 200 day moving average price of C$1.53.

Dorel Industries Company Profile

Dorel Industries Inc is a Canadian company that sells juvenile products and furniture. Its segments include Dorel Home and Dorel Juvenile. Dorel Home segment is engaged in the design, sourcing, manufacturing, and distribution of ready-to-assemble furniture and home furnishings which include metal folding furniture, futons, children's furniture, step stools, hand trucks, ladders, outdoor furniture, and other imported furniture items.

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