Brokerages Set Savaria Co. (TSE:SIS) Target Price at C$23.57

Shares of Savaria Co. (TSE:SIS) have been given a consensus recommendation of “Buy” by the six brokerages that are presently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$23.57.

Several brokerages have recently weighed in on SIS. Raymond James decreased their target price on shares of Savaria from C$27.50 to C$24.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th. Stifel Nicolaus dropped their target price 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, March 7th. Scotiabank decreased their price target on Savaria from C$25.00 to C$22.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. Desjardins reduced their price objective on shares of Savaria from C$27.00 to C$25.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Finally, Cormark upgraded Savaria from a “hold” rating to a “moderate buy” rating in a research report on Friday, March 7th.

Savaria Stock Performance

Shares of SIS opened at C$16.11 on Friday. Savaria has a one year low of C$14.97 and a one year high of C$23.92. 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 company has a market capitalization of C$1.16 billion, a PE ratio of 25.21, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90. The company’s fifty day moving average price is C$16.96 and its 200 day moving average price is C$19.67.

Savaria Company Profile

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.