Savaria (TSE:SIS) Price Target Cut to C$22.00 by Analysts at Scotiabank

Savaria (TSE:SIS) had its price objective lowered by Scotiabank from C$25.00 to C$22.00 in a research report sent to investors on Friday morning,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Other equities analysts also recently issued research reports about the company. TD Securities dropped their price target on Savaria from C$30.00 to C$25.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Cormark downgraded Savaria from a “buy” rating to a “market perform” rating in a research report on Monday, November 11th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$23.57.

Savaria Stock Performance

SIS stock opened at C$17.30 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.97 and a debt-to-equity ratio of 54.11. The business’s fifty day simple moving average is C$18.80 and its two-hundred day simple moving average is C$20.49. Savaria has a twelve month low of C$15.88 and a twelve month high of C$23.92. The firm has a market cap of C$1.25 billion, a price-to-earnings ratio of 27.07, a PEG ratio of 42.72 and a beta of 0.90.

About Savaria

Savaria Corporation provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally. The company operates in two segments, Accessibility and Patient Care. The Accessibility segment designs, manufactures, distributes, and installs a portfolio of accessibility products, including commercial and home elevators, stairlifts, platform lifts, and wheelchair lowered-floor accessible conversions for selected brands of minivans, personal, residential, or commercial applications.