TD Securities Upgrades Savaria (TSE:SIS) to Buy

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Savaria (TSE:SIS) was upgraded by equities researchers at TD Securities from a “hold” rating to a “buy” rating in a research report issued on Tuesday, BayStreet.CA reports. The firm currently has a C$22.00 price target on the stock, up from their previous price target of C$15.50. TD Securities’ target price would suggest a potential upside of 26.22% from the company’s current price.

A number of other analysts have also commented on the company. Cormark lifted their price objective on Savaria from C$18.00 to C$19.00 in a research report on Tuesday. Scotiabank boosted their target price on Savaria from C$18.00 to C$20.00 in a research report on Monday. Finally, National Bank Financial boosted their target price on Savaria from C$16.50 to C$18.50 and gave the stock an “outperform” rating in a research report on Friday.

Shares of TSE:SIS traded up C$0.46 during midday trading on Tuesday, reaching C$17.43. The company’s stock had a trading volume of 376,673 shares, compared to its average volume of 187,472. The business’s fifty day simple moving average is C$16.09 and its 200-day simple moving average is C$14.93. The company has a debt-to-equity ratio of 28.76, a current ratio of 2.55 and a quick ratio of 1.37. The company has a market capitalization of C$887.99 million and a P/E ratio of 31.55. Savaria has a fifty-two week low of C$7.31 and a fifty-two week high of C$18.37.

About Savaria

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 Patient Handling. The Accessibility segment designs, manufactures, distributes, and installs accessibility products, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts, and elevators for home and commercial use.

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