Stifel Nicolaus Lowers Savaria (TSE:SIS) Price Target to C$24.00

Savaria (TSE:SIS) had its price target decreased by Stifel Nicolaus from C$25.00 to C$24.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 38.73% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. TD Securities dropped their price target on shares of Savaria from C$30.00 to C$25.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Cormark lowered Savaria from a “buy” rating to a “market perform” rating in a report on Monday, November 11th. Finally, Scotiabank cut their target price on Savaria from C$25.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Friday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Savaria has an average rating of “Moderate Buy” and a consensus target price of C$23.57.

Savaria Stock Performance

SIS opened at C$17.30 on Friday. Savaria has a 1-year low of C$15.88 and a 1-year high of C$23.92. The company has a market cap of C$1.25 billion, a price-to-earnings ratio of 27.07, a PEG ratio of 42.72 and a beta of 0.90. The company’s fifty day moving average price is C$18.80 and its two-hundred day moving average price is C$20.48. The company has a current ratio of 1.97, a quick ratio of 0.91 and a debt-to-equity ratio of 54.11.

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.