Savaria (TSE:SIS) Price Target Cut to C$22.00 by Analysts at TD Securities

Savaria (TSE:SIS) had its target price reduced by research analysts at TD Securities from C$25.00 to C$22.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 27.46% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Scotiabank lowered their price objective on Savaria from C$25.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Friday. Stifel Nicolaus dropped their price objective on shares of Savaria from C$25.00 to C$24.00 and set a “buy” rating for the company in a research note on Friday. Cormark lowered shares of Savaria from a “buy” rating to a “market perform” rating in a research report on Monday, November 11th. Finally, National Bankshares dropped their price target on shares of Savaria from C$27.00 to C$24.00 and set an “outperform” rating for the company in a research report on Friday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Savaria currently has an average rating of “Moderate Buy” and an average price target of C$23.57.

Savaria Stock Up 4.7 %

Shares of Savaria stock traded up C$0.78 during trading on Friday, reaching C$17.26. The stock had a trading volume of 198,986 shares, compared to its average volume of 141,176. The company has a market capitalization of C$1.25 billion, a price-to-earnings ratio of 27.00, a P/E/G ratio of 42.72 and a beta of 0.90. Savaria has a 52 week low of C$15.88 and a 52 week high of C$23.92. The stock has a fifty day moving average price of C$18.86 and a two-hundred day moving average price of C$20.49. The company has a current ratio of 1.97, a quick ratio of 0.91 and a debt-to-equity ratio of 54.11.

Savaria Company Profile

Savaria Corporation provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally. The company operates in two segments, Accessibility and Patient Care. The Accessibility segment designs, manufactures, distributes, and installs a portfolio of accessibility products, including commercial and home elevators, stairlifts, platform lifts, and wheelchair lowered-floor accessible conversions for selected brands of minivans, personal, residential, or commercial applications.