Savaria Co. (TSE:SIS) Receives Average Rating of "Buy" from Brokerages

Shares of Savaria Co. (TSE:SIS - Get Free Report) have been given a consensus recommendation of "Buy" by the six ratings firms that are currently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$23.83.

SIS has been the topic of a number of recent analyst reports. Scotiabank lowered their price target on shares of Savaria from C$25.00 to C$22.00 and set an "outperform" rating on the stock in a report on Friday, March 7th. Cormark raised shares of Savaria from a "hold" rating to a "moderate buy" rating in a report on Friday, March 7th. TD Securities increased their price target on shares of Savaria from C$22.00 to C$24.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Stifel Nicolaus lowered their price target on shares of Savaria from C$25.00 to C$24.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Finally, Desjardins lowered their price target on shares of Savaria from C$27.00 to C$25.00 and set a "buy" rating on the stock in a report on Friday, March 7th.

Savaria Price Performance

Shares of Savaria stock traded up C$0.64 on Wednesday, reaching C$19.64. The stock had a trading volume of 113,857 shares, compared to its average volume of 115,421. Savaria has a 1 year low of C$14.97 and a 1 year high of C$23.92. The company has a market cap of C$1.42 billion, a P/E ratio of 30.73, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90. The company has a current ratio of 1.97, a quick ratio of 0.91 and a debt-to-equity ratio of 54.11. The business's 50 day moving average is C$18.75 and its two-hundred day moving average is C$18.36.

Insiders Place Their Bets

In other Savaria news, Director Alain Tremblay sold 10,000 shares of Savaria stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of C$19.61, for a total transaction of C$196,092.00. Insiders own 17.45% of the company's stock.

Savaria Company Profile

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.