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

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 target price upped by 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 would suggest a potential upside of 16.34% from the stock's previous close.

Several other equities analysts have also recently weighed in on the stock. 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. 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, CIBC raised their target price on shares of Sienna Senior Living from C$18.00 to C$19.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$18.93.

Sienna Senior Living Stock Performance

SIA traded down C$0.21 during trading on Thursday, hitting C$18.05. The company's stock had a trading volume of 368,492 shares, compared to its average volume of 277,413. The company has a quick ratio of 0.23, a current ratio of 0.43 and a debt-to-equity ratio of 215.47. Sienna Senior Living has a one year low of C$14.59 and a one year high of C$19.12. The firm has a market cap of C$1.49 billion, a PE ratio of 44.69 and a beta of 1.20. The business's 50 day simple moving average is C$18.51 and its 200-day simple moving average is C$17.30.

About Sienna Senior Living

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.