Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Dorel Class B ( ($TSE:DII.B) ) has shared an update.
Dorel Industries Inc. announced the re-election of all nominees listed in its Management Proxy Circular as directors at the Annual Meeting of Shareholders. The reappointment of KPMG LLP as auditors was also confirmed. This decision reflects continuity in leadership and stability in governance, potentially reinforcing investor confidence and ensuring ongoing strategic direction for the company.
The most recent analyst rating on ($TSE:DII.B) stock is a Hold with a C$7.00 price target. To see the full list of analyst forecasts on Dorel Class B stock, see the TSE:DII.B Stock Forecast page.
Spark’s Take on TSE:DII.B Stock
According to Spark, TipRanks’ AI Analyst, TSE:DII.B is a Neutral.
Dorel Industries is facing substantial financial and operational challenges. The most significant factors impacting its stock score are the weak financial performance due to declining revenues, persistent losses, and high leverage. Technical indicators point to a bearish trend, and valuation metrics are unattractive given the ongoing losses. While there are some positive developments in the Juvenile segment and restructuring efforts, significant headwinds remain, presenting risks that outweigh potential opportunities.
To see Spark’s full report on TSE:DII.B stock, click here.
More about Dorel Class B
Dorel Industries Inc. is a global organization operating in two main sectors: juvenile products and home products. The company is known for its diverse, innovative, and high-quality products, with strong brands like Maxi-Cosi, Safety 1st, and Tiny Love in the juvenile segment, and a wide range of furniture products in the home segment. Dorel has annual sales of US$1.4 billion and employs approximately 3,600 people across 22 countries.
Average Trading Volume: 24,840
Technical Sentiment Signal: Sell
Current Market Cap: C$48.46M
For a thorough assessment of DII.B stock, go to TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue