Desjardins Boosts Sienna Senior Living (TSE:SIA) Price Target to C$21.00

Key Points

• Desjardins raised its price target for Sienna Senior Living from C$20.00 to C$21.00, indicating a potential upside of 13.70% from the stock's previous closing price.
• Multiple analysts have recently adjusted their ratings on Sienna Senior Living, with CIBC and Royal Bank of Canada also increasing their price targets to C$19.00 but assigning a "neutral" and "moderate buy" rating, respectively.
• Sienna Senior Living's stock saw a 0.9% increase, trading at C$18.47, with analysts suggesting a consensus rating of "Moderate Buy" and a target price averaging C$18.93.

Sienna Senior Living (TSE:SIA - Get Free Report) had its price objective upped by analysts at Desjardins from C$20.00 to C$21.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Desjardins' price target suggests a potential upside of 13.70% from the company's previous close.

A number of other analysts also recently issued reports on the stock. CIBC lifted their price objective on shares of Sienna Senior Living from C$18.00 to C$19.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Royal Bank Of Canada raised shares of Sienna Senior Living from a "hold" rating to a "moderate buy" rating and raised their target price for the company from C$18.00 to C$19.00 in a research note on Thursday, May 22nd. Finally, TD Securities raised their target price on shares of Sienna Senior Living from C$20.00 to C$21.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$18.93.

Sienna Senior Living Stock Up 0.9%

Shares of TSE SIA traded up C$0.16 during midday trading on Thursday, reaching C$18.47. The company's stock had a trading volume of 212,403 shares, compared to its average volume of 275,441. The company has a current ratio of 0.43, a quick ratio of 0.23 and a debt-to-equity ratio of 215.47. Sienna Senior Living has a fifty-two week low of C$14.59 and a fifty-two week high of C$19.12. The stock has a market capitalization of C$1.53 billion, a price-to-earnings ratio of 45.73 and a beta of 1.20. The stock has a 50 day simple moving average of C$18.53 and a 200-day simple moving average of C$17.21.

Sienna Senior Living Company Profile

Sienna Senior Living Inc is one of the largest owners of seniors' housing, the largest licensed long-term care operator in Ontario, and a provider of services across the full continuum of care. The firm operates solely within Canada. The company is comprised of the following main business segments, LTC Business, Retirement and Other.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.