Savaria (TSE:SIS) Price Target Increased to C$21.00 by Analysts at Cormark

Savaria (TSE:SIS) had its price objective hoisted by stock analysts at Cormark from C$18.00 to C$21.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Cormark’s price objective would indicate a potential upside of 29.55% from the company’s previous close.

SIS has been the subject of a number of other research reports. Stifel Nicolaus set a C$25.00 target price on Savaria in a report on Tuesday, November 28th. TD Securities raised their target price on shares of Savaria from C$18.00 to C$20.00 and gave the company a “buy” rating in a research note on Monday, February 12th. Finally, National Bankshares lifted their target price on shares of Savaria from C$19.50 to C$20.50 and gave the company an “outperform” rating in a report on Thursday. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$21.21.

Savaria Trading Up 2.1 %

TSE:SIS traded up C$0.34 during trading hours on Friday, reaching C$16.21. 91,695 shares of the company were exchanged, compared to its average volume of 60,370. The firm has a market cap of C$1.15 billion, a price-to-earnings ratio of 27.47, a PEG ratio of 42.72 and a beta of 0.85. The company has a debt-to-equity ratio of 60.40, a current ratio of 1.91 and a quick ratio of 0.91. The stock has a 50 day simple moving average of C$15.95 and a 200 day simple moving average of C$14.90. Savaria has a 52-week low of C$12.21 and a 52-week high of C$17.70.

Insider Activity

In other Savaria news, Senior Officer Jean-Philippe De Montigny purchased 17,980 shares of Savaria stock in a transaction that occurred on Thursday, January 18th. The stock was purchased at an average price of C$14.94 per share, with a total value of C$268,621.20. Insiders own 19.86% of the company’s stock.

About Savaria

Savaria Corporation provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, the United Kingdom, rest of Europe, and internationally. The company operates through 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 commercial accessibility and home elevators.