TD Securities Cuts Dorel Industries Inc (DII.B) Price Target to C$35.00
Dorel Industries Inc (TSE:DII.B) had its price target dropped by research analysts at TD Securities from C$37.00 to C$35.00 in a report released on Friday. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price suggests a potential upside of 14.34% from the company’s previous close.
A number of other brokerages also recently weighed in on DII.B. National Bank Financial cut their target price on Dorel Industries from C$35.00 to C$32.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 17th. Royal Bank Of Canada dropped their price objective on Dorel Industries from C$35.00 to C$33.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 8th. Five investment analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average target price of C$34.40.
Dorel Industries (TSE:DII.B) traded down C$1.07 during mid-day trading on Friday, reaching C$30.61. The company’s stock had a trading volume of 45,993 shares, compared to its average volume of 28,272. Dorel Industries has a fifty-two week low of C$28.31 and a fifty-two week high of C$40.85.
Dorel Industries Company Profile
Dorel Industries Inc is a Canada-based global consumer products company which designs, manufactures and distributes a portfolio of product brands. The Company markets its products in the United States, Europe, Latin America, Canada, and Asia. The Company operates through three segments: Dorel Juvenile, Dorel Sports and Dorel Home Furnishings.
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