Analysts Set Savaria Co. (TSE:SIS) PT at C$25.50

Shares of Savaria Co. (TSE:SIS) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$25.50.

SIS has been the subject of several research analyst reports. National Bankshares increased their price objective on Savaria from C$22.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Desjardins increased their price objective on Savaria from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Raymond James increased their price objective on Savaria from C$25.00 to C$27.50 and gave the stock an “outperform” rating in a research note on Friday, September 13th. Stifel Nicolaus increased their price objective on Savaria from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Finally, Scotiabank set a C$25.00 target price on Savaria and gave the stock an “outperform” rating in a research report on Thursday, September 26th.

Insider Buying and Selling at Savaria

In other news, Senior Officer Jean-Philippe De Montigny acquired 19,545 shares of Savaria stock in a transaction on Monday, November 11th. The stock was bought at an average price of C$22.96 per share, for a total transaction of C$448,753.20. Also, Director Sylvain Dumoulin sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of C$22.00, for a total value of C$110,000.00. Insiders have sold 50,002 shares of company stock valued at $1,046,042 in the last 90 days. 17.45% of the stock is currently owned by insiders.

Savaria Trading Down 2.2 %

Shares of TSE SIS opened at C$20.56 on Friday. Savaria has a 12 month low of C$14.51 and a 12 month high of C$23.92. The company has a market cap of C$1.46 billion, a price-to-earnings ratio of 31.63, a P/E/G ratio of 42.72 and a beta of 0.90. The company has a quick ratio of 0.91, a current ratio of 1.94 and a debt-to-equity ratio of 56.50. The business has a fifty day simple moving average of C$22.27 and a 200-day simple moving average of C$20.15.

Savaria Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were issued a $0.045 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend was Thursday, October 31st. Savaria’s dividend payout ratio (DPR) is currently 83.08%.

Savaria Company Profile

Savaria Corporation provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally. The company operates in two segments, Accessibility and Patient Care. The Accessibility segment designs, manufactures, distributes, and installs a portfolio of accessibility products, including commercial and home elevators, stairlifts, platform lifts, and wheelchair lowered-floor accessible conversions for selected brands of minivans, personal, residential, or commercial applications.