Savaria (TSE:SIS) Price Target Lowered to C$23.00 at Stifel Nicolaus

Savaria (TSE:SIS) had its target price decreased by equities research analysts at Stifel Nicolaus from C$25.00 to C$23.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 41.89% from the company’s previous close.

Several other analysts have also weighed in on SIS. TD Securities increased their price target on Savaria from C$20.00 to C$21.00 and gave the company a “buy” rating in a report on Friday. Raymond James lifted their price target on shares of Savaria from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research note on Friday. Cormark increased their price objective on shares of Savaria from C$18.00 to C$21.00 in a research report on Friday. Finally, National Bankshares raised their price objective on shares of Savaria from C$19.50 to C$20.50 and gave the stock an “outperform” rating in a research note on Thursday. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$21.21.

Savaria Trading Up 2.1 %

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

Insider Transactions at Savaria

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

Savaria Company Profile

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.