Savaria Co. (TSE:SIS) Given Average Rating of “Buy” by Brokerages

Shares of Savaria Co. (TSE:SIS) have earned an average recommendation of “Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$23.83.

A number of equities analysts recently commented on the company. Cormark upgraded Savaria from a “hold” rating to a “moderate buy” rating in a report on Friday, March 7th. Desjardins dropped their price objective on shares of Savaria from C$27.00 to C$25.00 and set a “buy” rating for the company in a report on Friday, March 7th. Scotiabank cut their target price on shares of Savaria from C$25.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. National Bankshares decreased their price target on shares of Savaria from C$27.00 to C$24.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Finally, Raymond James Financial cut their price objective on Savaria from C$27.50 to C$24.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th.

Savaria Price Performance

Shares of SIS opened at C$19.64 on Wednesday. The firm has a 50-day simple moving average of C$18.75 and a two-hundred day simple moving average of C$18.35. The stock has a market cap of C$1.42 billion, a PE ratio of 30.73, a P/E/G ratio of 42.72 and a beta of 0.90. Savaria has a 1-year low of C$14.97 and a 1-year high of C$23.92. The company has a debt-to-equity ratio of 54.11, a current ratio of 1.97 and a quick ratio of 0.91.

Insider Activity at Savaria

In other news, Director Alain Tremblay sold 10,000 shares of Savaria stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of C$19.61, for a total transaction of C$196,092.00. 17.45% of the stock is currently owned by corporate insiders.

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.