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

Sienna Senior Living (TSE:SIA) had its target price lifted by research analysts at Desjardins from C$21.00 to C$23.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price objective indicates a potential upside of 14.83% from the company’s previous close.

SIA has been the subject of several other research reports. CIBC raised Sienna Senior Living from a “neutral” rating to an “outperform” rating and boosted their price target for the company from C$20.00 to C$23.00 in a research note on Tuesday. Cibc Captl Mkts raised Sienna Senior Living from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Finally, Scotiabank boosted their price target on shares of Sienna Senior Living from C$20.00 to C$22.50 in a report on Monday. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$20.92.

Sienna Senior Living Trading Down 2.0%

Sienna Senior Living stock traded down C$0.41 during midday trading on Thursday, reaching C$20.03. The stock had a trading volume of 119,378 shares, compared to its average volume of 273,661. The stock has a market capitalization of C$1.88 billion, a PE ratio of 45.52 and a beta of 0.94. The company has a debt-to-equity ratio of 215.47, a quick ratio of 0.23 and a current ratio of 0.43. The stock’s 50-day simple moving average is C$18.89 and its 200 day simple moving average is C$18.48. Sienna Senior Living has a twelve month low of C$14.59 and a twelve month high of C$20.74.

Sienna Senior Living (TSE:SIA) last released its quarterly earnings results on Thursday, November 13th. The company reported C$0.30 earnings per share for the quarter. Sienna Senior Living had a return on equity of 7.71% and a net margin of 3.57%.The firm had revenue of C$261.70 million during the quarter. Analysts expect that Sienna Senior Living will post 0.4595351 EPS for the current year.

About Sienna Senior Living

Sienna Senior Living Inc is one of the largest owners of seniors’ housing, the largest licensed long-term care operator in Ontario, and a provider of services across the full continuum of care. The firm operates solely within Canada. The company is comprised of the following main business segments, LTC Business, Retirement and Other.