Dorel Industries Stock Rating Reaffirmed by Scotia Bank (DIIBF)
Dorel Industries (NASDAQ:DIIBF)‘s stock had its “sector perform” rating reiterated by investment analysts at Scotia Bank in a note issued to investors on Friday. They currently have a $44.00 price target on the stock, down from their previous price target of $45.00. Scotia Bank’s price target suggests a potential upside of 29.95% from the company’s current price.
Shares of Dorel Industries (NASDAQ:DIIBF) opened at 33.482 on Friday. Dorel Industries has a 52-week low of $32.59 and a 52-week high of $38.59. The stock’s 50-day moving average is $35.86 and its 200-day moving average is $35.59. The company has a market cap of $1.081 billion and a P/E ratio of 18.18.
Dorel Industries (NASDAQ:DIIBF) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.49 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.61 by $0.12. Analysts expect that Dorel Industries will post $3.15 earnings per share for the current fiscal year.
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