Savaria (TSE:SIS) Price Target Raised to C$27.00 at TD Securities

Savaria (TSE:SIS) had its target price lifted by TD Securities from C$24.00 to C$27.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 24.08% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Stifel Nicolaus upped their price target on shares of Savaria from C$24.00 to C$25.00 and gave the company a “buy” rating in a report on Friday, August 22nd. National Bankshares increased their price objective 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 investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$24.83.

Savaria Price Performance

SIS traded down C$0.04 during midday trading on Thursday, reaching C$21.76. 196,312 shares of the company’s stock were exchanged, compared to its average volume of 100,255. 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$1.55 billion, a PE ratio of 28.63, a P/E/G ratio of 42.72 and a beta of 1.26. The business’s 50-day moving average price is C$21.07 and its 200 day moving average price is C$20.00. Savaria has a 1-year low of C$14.97 and a 1-year high of C$23.20.

Insider Activity at Savaria

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 shares were sold at an average price of C$21.18, for a total value of C$529,545.00. Following the completion of the transaction, the insider directly owned 20,000 shares in the company, valued at approximately C$423,636. The trade was a 55.56% decrease in their position. 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.