Savaria Co. (TSE:SIS) Receives Consensus Recommendation of "Buy" from Brokerages

Savaria Co. (TSE:SIS - Get Free Report) has been given a consensus recommendation of "Buy" by the six brokerages that are presently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$23.57.

Several equities analysts recently weighed in on SIS shares. Raymond James reduced their target price on shares of Savaria from C$27.50 to C$24.00 and set an "outperform" rating on the stock in a report on Friday, March 7th. Stifel Nicolaus cut 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, March 7th. Scotiabank cut their price objective on shares of Savaria from C$25.00 to C$22.00 and set an "outperform" rating on the stock in a report on Friday, March 7th. Desjardins cut their price objective on shares of Savaria from C$27.00 to C$25.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Finally, TD Securities cut their price objective on shares of Savaria from C$25.00 to C$22.00 and set a "buy" rating on the stock in a report on Friday, March 7th.

Savaria Trading Down 1.1 %

Shares of SIS traded down C$0.19 during mid-day trading on Monday, reaching C$16.80. The company had a trading volume of 46,055 shares, compared to its average volume of 139,232. The stock has a market cap of C$1.21 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90. The firm has a fifty day simple moving average of C$18.25 and a 200-day simple moving average of C$20.32. Savaria has a fifty-two week low of C$16.01 and a fifty-two week high of C$23.92. The company has a current ratio of 1.97, a quick ratio of 0.91 and a debt-to-equity ratio of 54.11.

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About Savaria

Savaria Corp designs, engineers, and manufactures products for personal mobility. Its products include home elevators, wheelchair lifts, commercial elevators, ceiling lifts, stairlifts, and van conversions. The company's operating segments are the Accessibility, Adapted Vehicles, and Patient Handling, divisions.