Dorel Industries (TSE:DII.B) Stock Rating Upgraded by TD Securities

Key Points

• TD Securities upgraded Dorel Industries' stock from a "sell" to a "hold" rating, raising the price target from C$1.00 to C$2.50, indicating a potential upside of 12.61% from its previous close.
• BMO Capital Markets also increased its price target for the company's shares from C$1.50 to C$2.00, reflecting a positive outlook on the stock.
• Dorel Industries currently has a market capitalization of C$72.52 million, with its shares trading at C$2.22 and a consensus price target of C$2.25 among analysts.

Dorel Industries (TSE:DII.B - Get Free Report) was upgraded by investment analysts at TD Securities from a "sell" rating to a "hold" rating in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a C$2.50 price target on the stock, up from their previous price target of C$1.00. TD Securities' target price suggests a potential upside of 12.61% from the stock's previous close.

Separately, BMO Capital Markets increased their price target on shares of Dorel Industries from C$1.50 to C$2.00 in a research report on Friday, October 3rd. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Dorel Industries has a consensus rating of "Hold" and a consensus price target of C$2.25.

Dorel Industries Stock Performance

Shares of Dorel Industries stock traded down C$0.08 on Thursday, reaching C$2.22. 16,081 shares of the stock were exchanged, compared to its average volume of 23,847. 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 business has a fifty day moving average price of C$1.42 and a two-hundred day moving average price of C$1.52. Dorel Industries has a 1-year low of C$1.15 and a 1-year high of C$5.80. The firm has a market capitalization of C$72.52 million, a PE ratio of -0.44, a PEG ratio of -0.11 and a beta of 1.23.

About Dorel Industries

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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