Eight Capital Analysts Give Savaria (SIS) a C$15.00 Price Target
Savaria (TSE:SIS) received a C$15.00 target price from research analysts at Eight Capital in a research note issued on Tuesday, BayStreet.CA reports. Eight Capital’s price target points to a potential upside of 17.65% from the stock’s previous close.
Several other equities research analysts have also recently commented on SIS. National Bank Financial lifted their price target on shares of Savaria from C$17.00 to C$17.50 and gave the stock an “outperform” rating in a research report on Friday, March 29th. Desjardins lifted their price target on shares of Savaria from C$16.00 to C$17.50 and gave the stock a “buy” rating in a research report on Friday, March 29th. Finally, Laurentian lowered their price target on shares of Savaria from C$20.00 to C$16.50 in a research report on Thursday, February 21st.
Shares of TSE:SIS opened at C$12.75 on Tuesday. Savaria has a one year low of C$11.41 and a one year high of C$20.95. The company has a quick ratio of 0.91, a current ratio of 1.99 and a debt-to-equity ratio of 51.40. The company has a market cap of $632.63 million and a PE ratio of 31.88.
In related news, Director Jean-Louis Chapdelaine sold 25,000 shares of Savaria stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of C$13.27, for a total transaction of C$331,747.50. Following the transaction, the director now owns 125,000 shares of the company’s stock, valued at approximately C$1,658,737.50.
Savaria Corporation designs, engineers, and manufactures products for personal mobility in Canada, the United States, and internationally. The company operates in three segments: Accessibility, Adapted Vehicles, and the Span. The Accessibility segment manufactures and distributes residential and commercial accessibility equipment for people with mobility challenges; and operates network of franchisees and corporate stores.
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