Canaccord Genuity Group Boosts Sienna Senior Living (TSE:SIA) Price Target to C$27.50

Key Points

• Canaccord Genuity raised its price target on Sienna Senior Living to C$27.50 from C$26.00 and maintained a "buy" rating, implying about a 19.10% upside from the stock's previous close.
• Several other firms (Scotiabank, BMO, Desjardins, RBC, TD) also raised targets recently, leaving a consensus target of C$26.09 and an average analyst rating of "Buy" (1 Strong Buy, 9 Buy, 1 Hold).
• The stock traded at C$23.09 with a market cap of C$2.45 billion, but carries a high valuation and leverage — a P/E of 47.12 and a debt-to-equity ratio of 198.59 — which investors should consider.

Sienna Senior Living (TSE:SIA - Get Free Report) had its target price increased by analysts at Canaccord Genuity Group from C$26.00 to C$27.50 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Canaccord Genuity Group's price objective indicates a potential upside of 19.10% from the stock's previous close.

A number of other equities research analysts also recently weighed in on SIA. Scotiabank lifted their target price on Sienna Senior Living from C$24.00 to C$25.00 and gave the stock an "outperform" rating in a report on Monday, February 23rd. BMO Capital Markets increased their target price on shares of Sienna Senior Living from C$22.00 to C$25.00 and gave the stock an "outperform" rating in a research report on Monday, February 23rd. Desjardins raised their target price on shares of Sienna Senior Living from C$24.00 to C$26.00 and gave the company a "buy" rating in a research report on Monday, February 23rd. Royal Bank Of Canada boosted their target price on shares of Sienna Senior Living from C$22.00 to C$25.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 26th. Finally, TD Securities upped their price target on shares of Sienna Senior Living from C$24.00 to C$26.00 and gave the stock a "buy" rating in a report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of C$26.09.

Sienna Senior Living Stock Performance

TSE:SIA traded down C$0.33 on Thursday, hitting C$23.09. The company's stock had a trading volume of 199,808 shares, compared to its average volume of 318,396. Sienna Senior Living has a one year low of C$17.01 and a one year high of C$24.07. The firm has a market capitalization of C$2.45 billion, a P/E ratio of 47.12 and a beta of 0.95. The stock has a fifty day moving average of C$22.81 and a two-hundred day moving average of C$21.50. The company has a current ratio of 0.51, a quick ratio of 0.23 and a debt-to-equity ratio of 198.59.

Sienna Senior Living (TSE:SIA - Get Free Report) last issued its quarterly earnings data on Thursday, February 19th. The company reported C$0.14 earnings per share (EPS) for the quarter. Sienna Senior Living had a net margin of 4.43% and a return on equity of 6.93%. The firm had revenue of C$278.45 million during the quarter. Research analysts predict that Sienna Senior Living will post 0.4595351 earnings per share for the current year.

Sienna Senior Living Company Profile

Sienna Senior Living Inc TSX: SIA offers a full range of senior living options, including independent living, assisted living and memory care under its Aspira retirement brand, long-term care, and specialized programs and services. Sienna's approximately 15,000 employees are passionate about cultivating happiness in daily life.

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