Sienna Senior Living (TSE:SIA) Stock Price Expected to Rise, CIBC Analyst Says

Sienna Senior Living (TSE:SIA) had its target price lifted by CIBC from C$17.00 to C$19.00 in a report issued on Wednesday morning,BayStreet.CA reports.

Several other research firms have also weighed in on SIA. Cormark upgraded Sienna Senior Living to a “moderate buy” rating in a research note on Monday, October 28th. Royal Bank of Canada upped their price target on shares of Sienna Senior Living from C$16.00 to C$17.00 in a research report on Thursday, August 29th. Desjardins lifted their price objective on shares of Sienna Senior Living from C$16.50 to C$17.50 and gave the company a “buy” rating in a research report on Monday, August 12th. National Bankshares set a C$17.50 target price on shares of Sienna Senior Living and gave the company an “outperform” rating in a report on Thursday, August 29th. Finally, National Bank Financial upgraded Sienna Senior Living to a “strong-buy” rating in a report on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Sienna Senior Living currently has a consensus rating of “Moderate Buy” and an average target price of C$18.00.

Sienna Senior Living Price Performance

TSE:SIA opened at C$16.33 on Wednesday. Sienna Senior Living has a 52-week low of C$10.62 and a 52-week high of C$17.60. The company has a market cap of C$1.35 billion, a P/E ratio of 41.87 and a beta of 1.20. The company has a debt-to-equity ratio of 275.10, a quick ratio of 0.23 and a current ratio of 0.10. The stock’s 50-day simple moving average is C$16.82 and its 200 day simple moving average is C$15.43.

Sienna Senior Living Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a dividend of $0.078 per share. This represents a $0.94 annualized dividend and a dividend yield of 5.73%. The ex-dividend date of this dividend was Thursday, October 31st. Sienna Senior Living’s payout ratio is 241.03%.

Sienna Senior Living Company Profile

Sienna Senior Living Inc provides senior living and long-term care (LTC) services in Canada. The company operates through Retirement and LTC segments. It offers independent supportive and assisted living, memory care, and long-term care services; and management services to senior living residences. The company was formerly known as Leisureworld Senior Care Corporation and changed its name to Sienna Senior Living Inc in May 2015.