Sienna Senior Living (TSE:SIA) Stock Price Expected to Rise, CIBC Analyst Says

Sienna Senior Living (TSE:SIA) had its target price lifted by CIBC from C$17.00 to C$19.00 in a research note published on Wednesday morning,BayStreet.CA reports.

A number of other brokerages have also issued reports on SIA. National Bankshares set a C$17.50 target price on shares of Sienna Senior Living and gave the company an “outperform” rating in a research note on Thursday, August 29th. Royal Bank of Canada increased their target price on Sienna Senior Living from C$16.00 to C$17.00 in a research report on Thursday, August 29th. Cormark raised shares of Sienna Senior Living to a “moderate buy” rating in a report on Monday, October 28th. TD Securities boosted their price target on Sienna Senior Living from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, Scotiabank raised their target price on Sienna Senior Living from C$17.50 to C$18.00 in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$18.00.

Sienna Senior Living Trading Down 0.5 %

SIA opened at C$16.33 on Wednesday. Sienna Senior Living has a 12 month low of C$10.62 and a 12 month high of C$17.60. The company has a current ratio of 0.10, a quick ratio of 0.23 and a debt-to-equity ratio of 275.10. The stock has a 50-day moving average of C$16.82 and a 200 day moving average of C$15.45. The firm has a market cap of C$1.35 billion, a P/E ratio of 41.87 and a beta of 1.20.

Sienna Senior Living Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a dividend of $0.078 per share. This represents a $0.94 annualized dividend and a yield of 5.73%. The ex-dividend date of this dividend was Thursday, October 31st. Sienna Senior Living’s payout ratio is currently 241.03%.

Sienna Senior Living Company Profile

Sienna Senior Living Inc provides senior living and long-term care (LTC) services in Canada. The company operates through Retirement and LTC segments. It offers independent supportive and assisted living, memory care, and long-term care services; and management services to senior living residences. The company was formerly known as Leisureworld Senior Care Corporation and changed its name to Sienna Senior Living Inc in May 2015.