National Bank Financial Raises Savaria Co. (SIS) Price Target to C$12.50
Savaria Co. (TSE:SIS) had its target price increased by analysts at National Bank Financial from C$10.00 to C$12.50 in a research report issued to clients and investors on Wednesday, StockTargetPrices.com reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 13.64% from the stock’s previous close.
A number of other brokerages have also recently commented on SIS. Laurentian lifted their price target on Savaria from C$7.00 to C$9.00 and gave the stock a “buy” rating in a research report on Thursday, June 16th. Laurentian Bank of Canada lifted their price target on Savaria from C$7.00 to C$9.00 and gave the stock a “buy” rating in a research report on Thursday, June 16th.
Savaria (TSE:SIS) traded up 1.73% during mid-day trading on Wednesday, hitting $11.19. The company had a trading volume of 54,067 shares. Savaria has a 12 month low of $4.37 and a 12 month high of $11.60. The company has a 50-day moving average price of $10.39 and a 200 day moving average price of $8.59. The firm has a market capitalization of $395.06 million and a P/E ratio of 36.33.
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In other news, Director Alison Fraser sold 7,300 shares of the business’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of C$9.86, for a total value of C$71,978.00.
Savaria Corporation is a Canada-based company, which offers a range of stairlifts, platform lifts, and residential and commercial elevators. The Company operates through two segments: Accessibility and Adapted Vehicles. The Accessibility segment designs, manufactures, distributes and installs accessibility products, such as stairlifts for both straight and curved stairs, vertical and inclined platform lifts and elevators for home and commercial use.
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