Savaria (TSE:SIS – Get Rating) had its price target cut by analysts at National Bankshares from C$23.50 to C$23.00 in a research note issued on Thursday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price suggests a potential upside of 51.12% from the company’s current price.
Several other brokerages have also weighed in on SIS. Stifel Nicolaus restated a “buy” rating and issued a C$25.00 price objective on shares of Savaria in a report on Thursday, April 14th. National Bank Financial dropped their target price on Savaria from C$24.50 to C$23.50 and set an “outperform” rating on the stock in a research report on Friday, March 25th. Scotiabank dropped their target price on Savaria from C$23.00 to C$21.00 in a research report on Wednesday, April 27th. Desjardins reaffirmed a “buy” rating on shares of Savaria in a research report on Friday, March 25th. Finally, TD Securities dropped their target price on Savaria from C$26.00 to C$22.00 and set a “buy” rating on the stock in a research report on Friday, March 25th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$23.85.
SIS traded down C$0.39 during trading on Thursday, reaching C$15.22. 45,087 shares of the company were exchanged, compared to its average volume of 91,998. The stock has a market cap of C$977.31 million and a P/E ratio of 81.50. The firm has a 50 day moving average of C$17.04 and a 200 day moving average of C$18.17. The company has a current ratio of 1.93, a quick ratio of 1.04 and a debt-to-equity ratio of 99.72. Savaria has a 52 week low of C$15.15 and a 52 week high of C$22.63.
In other news, Director Jean-Louis Chapdelaine sold 25,000 shares of the stock in a transaction that occurred on Wednesday, March 30th. The stock was sold at an average price of C$17.48, for a total value of C$437,075.00. Following the completion of the transaction, the director now directly owns 125,000 shares of the company’s stock, valued at approximately C$2,185,375.
Savaria Company Profile (Get Rating)
Savaria Corporation provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally. The company operates in three segments: Accessibility, Patient Care, and Adapted Vehicles. The Accessibility segment designs, manufactures, distributes, and installs accessibility products, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair platform lifts for commercial and residential applications, and accessibility and home elevators.
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