Savaria (TSE:SIS) Price Target Cut to C$24.00 by Analysts at National Bankshares

Savaria (TSE:SIS - Free Report) had its price target lowered by National Bankshares from C$27.00 to C$24.00 in a research note issued to investors on Friday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other equities analysts have also recently weighed in on the company. Scotiabank cut their price objective on Savaria from C$25.00 to C$22.00 and set an "outperform" rating on the stock in a report on Friday. Cormark cut shares of Savaria from a "buy" rating to a "market perform" rating in a report on Monday, November 11th. Stifel Nicolaus dropped their price objective on shares of Savaria from C$25.00 to C$24.00 and set a "buy" rating on the stock in a report on Friday. Finally, TD Securities reduced their target price on shares of Savaria from C$30.00 to C$25.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of C$23.57.

Savaria Trading Down 2.0 %

Savaria stock traded down C$0.34 during mid-day trading on Friday, hitting C$16.26. 57,163 shares of the company's stock were exchanged, compared to its average volume of 140,176. The company's 50 day simple moving average is C$18.73 and its 200-day simple moving average is C$20.47. 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 firm has a market capitalization of C$1.17 billion, a P/E ratio of 25.44, a PEG ratio of 42.72 and a beta of 0.90. Savaria has a fifty-two week low of C$15.88 and a fifty-two week high of C$23.92.

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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.