Todays Report: Today, Dorel Industries’ (DIIBF) “Sector Perform” Rating Reiterate at Scotiabank

Today, Dorel Industries’ (DIIBF) “Sector Perform” Rating Reiterate at Scotiabank

Dorel Industries Inc (NASDAQ:DIIBF)‘s stock had its “sector perform” rating restated by investment analysts at Scotiabank in a note issued to investors on Tuesday. They presently have a $36.00 target price on the stock, up from their previous target price of $35.00. Scotiabank’s target price suggests a potential upside of 28.84% from the stock’s current price.

A number of other analysts have also weighed in on DIIBF. National Bank Financial restated a “sector perform” rating and issued a $33.50 target price (up previously from $31.00) on shares of Dorel Industries in a research report on Wednesday, August 10th. Canaccord Genuity restated a “hold” rating and issued a $34.00 target price (up previously from $31.00) on shares of Dorel Industries in a research report on Wednesday, August 10th. TD Securities restated a “hold” rating and issued a $34.00 target price (up previously from $30.00) on shares of Dorel Industries in a research report on Wednesday, August 10th. Finally, RBC Capital Markets reiterated a “sector perform” rating and set a $36.00 price target (up previously from $35.00) on shares of Dorel Industries in a report on Sunday, November 6th. Five analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus price target of $35.30.

Dorel Industries (NASDAQ:DIIBF) traded down 1.8691% during mid-day trading on Tuesday, hitting $27.9414. 280 shares of the company were exchanged. The company’s 50-day moving average is $26.78 and its 200 day moving average is $27.40. The company has a market capitalization of $904.35 million and a P/E ratio of 2540.1274. Dorel Industries has a 12-month low of $18.13 and a 12-month high of $29.78.

Dorel Industries (NASDAQ:DIIBF) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.10. Analysts expect that Dorel Industries will post $2.24 EPS for the current year.

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