Savaria (TSE:SIS) Given New C$22.00 Price Target at Scotiabank

Savaria (TSE:SIS) had its target price cut by stock analysts at Scotiabank from C$25.00 to C$22.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price objective points to a potential upside of 27.46% from the company’s previous close.

A number of other research analysts have also weighed in on SIS. TD Securities cut their price objective on Savaria from C$30.00 to C$25.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Cormark downgraded shares of Savaria from a “buy” rating to a “market perform” rating in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$23.57.

Savaria Stock Performance

Shares of TSE:SIS traded up C$0.78 on Friday, hitting C$17.26. 198,986 shares of the company were exchanged, compared to its average volume of 141,176. The company has a current ratio of 1.97, a quick ratio of 0.91 and a debt-to-equity ratio of 54.11. The stock’s 50 day moving average price is C$18.86 and its 200 day moving average price is C$20.49. Savaria has a 1-year low of C$15.88 and a 1-year high of C$23.92. The firm has a market capitalization of C$1.25 billion, a P/E ratio of 27.00, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90.

Savaria Company Profile

Savaria Corporation provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally. The company operates in two segments, Accessibility and Patient Care. The Accessibility segment designs, manufactures, distributes, and installs a portfolio of accessibility products, including commercial and home elevators, stairlifts, platform lifts, and wheelchair lowered-floor accessible conversions for selected brands of minivans, personal, residential, or commercial applications.