Scotiabank Forecasts Strong Price Appreciation for Sienna Senior Living (TSE:SIA) Stock

Sienna Senior Living (TSE:SIA) had its price target upped by equities researchers at Scotiabank from C$17.50 to C$18.00 in a research report issued on Wednesday,BayStreet.CA reports. Scotiabank’s price objective would indicate a potential upside of 9.62% from the company’s current price.

A number of other equities research analysts also recently issued reports on the stock. Desjardins lifted their price target on shares of Sienna Senior Living from C$16.50 to C$17.50 and gave the company a “buy” rating in a research report on Monday, August 12th. National Bank Financial raised Sienna Senior Living to a “strong-buy” rating in a report on Monday, July 22nd. Cormark upgraded Sienna Senior Living to a “moderate buy” rating in a research report on Monday, October 28th. CIBC raised their price target on Sienna Senior Living from C$16.00 to C$17.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Finally, Royal Bank of Canada lifted their price target on Sienna Senior Living from C$16.00 to C$17.00 in a research note on Thursday, August 29th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$18.00.

Sienna Senior Living Stock Down 2.3 %

Shares of TSE SIA opened at C$16.42 on Wednesday. The stock has a market capitalization of C$1.36 billion, a price-to-earnings ratio of 42.23 and a beta of 1.20. Sienna Senior Living has a 52 week low of C$10.62 and a 52 week high of C$17.60. The firm has a 50-day moving average price of C$16.80 and a 200 day moving average price of C$15.40. The company has a quick ratio of 0.23, a current ratio of 0.10 and a debt-to-equity ratio of 275.10.

About Sienna Senior Living

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.