Savaria Co. (TSE:SIS) Receives C$23.57 Average Target Price from Brokerages

Shares of Savaria Co. (TSE:SIS) have been given a consensus rating of “Buy” by the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$23.57.

Several equities research analysts recently weighed in on the company. Cormark upgraded Savaria from a “hold” rating to a “moderate buy” rating in a report on Friday, March 7th. Raymond James cut their price target on Savaria from C$27.50 to C$24.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. Stifel Nicolaus cut their target price on Savaria from C$25.00 to C$24.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Desjardins cut their target price on 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, National Bankshares cut their target price on Savaria from C$27.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th.

Savaria Price Performance

SIS opened at C$16.58 on Monday. The stock has a 50-day moving average price of C$18.13 and a 200-day moving average price of C$20.27. Savaria has a 12-month low of C$16.01 and a 12-month high of C$23.92. The company has a current ratio of 1.97, a quick ratio of 0.91 and a debt-to-equity ratio of 54.11. The stock has a market capitalization of C$1.20 billion, a P/E ratio of 25.94, a PEG ratio of 42.72 and a beta of 0.90.

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.