Dorel Industries (DII.B) Rating Increased to Hold at TD Securities

Dorel Industries (TSE:DII.B) was upgraded by TD Securities from a “reduce” rating to a “hold” rating in a report released on Monday. The brokerage currently has a C$23.00 price target on the stock, up from their prior price target of C$22.00. TD Securities’ price objective points to a potential upside of 9.00% from the company’s current price.

A number of other brokerages have also weighed in on DII.B. Royal Bank of Canada upped their target price on shares of Dorel Industries from C$29.00 to C$30.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 7th. BMO Capital Markets dropped their target price on shares of Dorel Industries from C$29.00 to C$26.00 and set a “market perform” rating for the company in a research report on Tuesday, August 7th. Finally, National Bank Financial dropped their target price on shares of Dorel Industries from C$26.50 to C$22.00 and set a “sector perform” rating for the company in a research report on Monday. Four investment analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average price target of C$25.80.

Shares of TSE:DII.B opened at C$21.10 on Monday. Dorel Industries has a fifty-two week low of C$26.90 and a fifty-two week high of C$36.54.

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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