Scotiabank Forecasts Strong Price Appreciation for Sienna Senior Living (TSE:SIA) Stock

Sienna Senior Living (TSE:SIA) had its price target boosted by analysts at Scotiabank from C$17.50 to C$18.00 in a report released on Wednesday,BayStreet.CA reports. Scotiabank’s price objective indicates a potential upside of 9.62% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. TD Securities increased their price target on shares of Sienna Senior Living from C$18.00 to C$19.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Desjardins increased their target price on shares of Sienna Senior Living from C$16.50 to C$17.50 and gave the stock a “buy” rating in a research note on Monday, August 12th. CIBC boosted their price target on Sienna Senior Living from C$16.00 to C$17.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Royal Bank of Canada upped their price objective on Sienna Senior Living from C$16.00 to C$17.00 in a research note on Thursday, August 29th. Finally, Cormark upgraded Sienna Senior Living to a “moderate buy” rating in a research note on Monday, October 28th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$18.00.

Sienna Senior Living Price Performance

Shares of TSE SIA opened at C$16.42 on Wednesday. The stock has a market cap of C$1.36 billion, a P/E ratio of 42.23 and a beta of 1.20. Sienna Senior Living has a twelve month low of C$10.62 and a twelve month high of C$17.60. The stock has a 50 day moving average of C$16.80 and a two-hundred day moving average of C$15.40. The company has a current ratio of 0.10, a quick ratio of 0.23 and a debt-to-equity ratio of 275.10.

About Sienna Senior Living

Sienna Senior Living Inc provides senior living and long-term care (LTC) services in Canada. The company operates through Retirement and LTC segments. It offers independent supportive and assisted living, memory care, and long-term care services; and management services to senior living residences. The company was formerly known as Leisureworld Senior Care Corporation and changed its name to Sienna Senior Living Inc in May 2015.