Savaria (TSE:SIS) Price Target Raised to C$26.00 at Scotiabank

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

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

Savaria Stock Performance

Savaria stock traded up C$0.52 during trading hours on Monday, hitting C$22.27. 67,459 shares of the stock traded hands, compared to its average volume of 101,132. The firm’s 50 day moving average price is C$21.11 and its 200-day moving average price is C$20.09. The company has a debt-to-equity ratio of 54.11, a current ratio of 1.97 and a quick ratio of 0.91. The stock has a market capitalization of C$1.59 billion, a price-to-earnings ratio of 25.60, a P/E/G ratio of 42.72 and a beta of 1.26. Savaria has a 1 year low of C$14.97 and a 1 year high of C$23.20.

Insider Buying and Selling

In other news, insider Alexandre Bourassa sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of C$21.18, for a total value of C$529,545.00. Following the completion of the sale, the insider directly owned 20,000 shares in the company, valued at C$423,636. The trade was a 55.56% decrease in their ownership of the stock. Insiders own 17.45% of the company’s stock.

About Savaria

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.