Savaria (TSE:SIS) was downgraded by research analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a report issued on Friday, September 21st. They currently have a C$21.00 price target on the stock. National Bank Financial’s price objective indicates a potential upside of 13.45% from the company’s current price. National Bank Financial also issued estimates for Savaria’s Q3 2018 earnings at $0.19 EPS, Q4 2018 earnings at $0.14 EPS and FY2019 earnings at $0.84 EPS.
Other equities analysts have also recently issued reports about the stock. Desjardins lifted their price objective on shares of Savaria from C$20.00 to C$22.00 in a research report on Wednesday, July 11th. Cormark lifted their price objective on shares of Savaria from C$20.00 to C$21.00 in a research report on Wednesday, September 5th.
TSE SIS opened at C$18.51 on Friday. Savaria has a 12-month low of C$14.55 and a 12-month high of C$20.95.
In other news, Director Peter Allen Drutz sold 5,000 shares of the business’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of C$19.79, for a total value of C$98,950.00. Also, Director Alain Tremblay sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of C$20.84, for a total value of C$41,680.00. In the last three months, insiders sold 12,100 shares of company stock valued at $245,445.
Savaria Corporation designs, engineers, and manufactures products for personal mobility in Canada, the United States, and internationally. The company operates in three segments: Accessibility, Adapted Vehicles, and the Span. The Accessibility segment manufactures and distributes residential and commercial accessibility equipment for people with mobility challenges; and operates network of franchisees and corporate stores.
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