Savaria (TSE:SIS) Insider Alexandre Bourassa Sells 25,000 Shares

Key Points

• Insider Transaction: Alexandre Bourassa sold 25,000 shares of Savaria Co. at an average price of C$21.18, equating to a total of C$529,545, significantly reducing his ownership by 55.56% to 20,000 shares.
• Stock Performance: Savaria's shares declined by C$0.42 to C$20.49, with a market cap of C$1.46 billion and a P/E ratio of 26.96, indicating moderate trading activity compared to its average volume.
• Analyst Ratings: The stock has received favorable ratings, with six analysts issuing a Buy rating and target prices rising, including National Bankshares increasing their target to C$26.00.

Savaria Co. (TSE:SIS - Get Free Report) insider Alexandre Bourassa sold 25,000 shares of Savaria stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of C$21.18, for a total value of C$529,545.00. Following the completion of the transaction, the insider owned 20,000 shares of the company's stock, valued at approximately C$423,636. This trade represents a 55.56% decrease in their position.

Savaria Trading Down 0.8%

Shares of Savaria stock traded down C$0.17 on Friday, reaching C$20.51. The company had a trading volume of 55,401 shares, compared to its average volume of 101,220. The firm has a market cap of C$1.47 billion, a price-to-earnings ratio of 26.99, a P/E/G ratio of 42.72 and a beta of 1.18. The company has a debt-to-equity ratio of 54.11, a current ratio of 1.97 and a quick ratio of 0.91. The firm's 50-day moving average price is C$20.37 and its two-hundred day moving average price is C$18.74. Savaria Co. has a 1 year low of C$14.97 and a 1 year high of C$23.92.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SIS shares. Stifel Nicolaus raised their price target on Savaria from C$24.00 to C$25.00 and gave the stock a "buy" rating in a research note on Friday, August 22nd. National Bankshares raised their price target on Savaria from C$24.00 to C$26.00 and gave the stock an "outperform" rating in a research note on Monday, August 11th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Savaria has an average rating of "Buy" and a consensus target price of C$24.33.

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.