Savaria (TSE:SIS) Given New C$26.00 Price Target at Scotiabank

Savaria (TSE:SIS) had its price objective boosted by equities research analysts at Scotiabank from C$25.00 to C$26.00 in a report issued on Monday,BayStreet.CA reports. Scotiabank’s price target would suggest a potential upside of 16.75% from the stock’s previous close.

A number of other research firms also recently issued reports on SIS. TD Securities increased their price objective on shares of Savaria from C$24.00 to C$27.00 and gave the company a “buy” rating in a research note on Thursday. National Bankshares lifted their price target on Savaria from C$24.00 to C$26.00 and gave the company an “outperform” rating in a report on Monday, August 11th. Finally, Stifel Nicolaus upped their price objective on Savaria from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$25.50.

Savaria Stock Up 2.4%

Shares of SIS stock traded up C$0.52 on Monday, hitting C$22.27. The stock had a trading volume of 67,459 shares, compared to its average volume of 101,132. Savaria has a one year low of C$14.97 and a one year high of C$23.20. The business has a 50 day moving average price of C$21.11 and a 200 day moving average price of C$20.09. The company has a market cap of C$1.59 billion, a PE ratio of 25.60, a P/E/G ratio of 42.72 and a beta of 1.26. The company has a quick ratio of 0.91, a current ratio of 1.97 and a debt-to-equity ratio of 54.11.

Insider Buying and Selling at Savaria

In other news, insider Alexandre Bourassa sold 25,000 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of C$21.18, for a total transaction of C$529,545.00. Following the transaction, the insider owned 20,000 shares in the company, valued at C$423,636. This represents a 55.56% decrease in their ownership of the stock. Insiders own 17.45% of the company’s stock.

Savaria Company Profile

Savaria Corp designs, engineers, and manufactures products for personal mobility. Its products include home elevators, wheelchair lifts, commercial elevators, ceiling lifts, stairlifts, and van conversions. The company’s operating segments are the Accessibility, Adapted Vehicles, and Patient Handling, divisions.