National Bankshares Issues Pessimistic Forecast for Savaria (TSE:SIS) Stock Price

Savaria (TSE:SIS) had its price objective decreased by research analysts at National Bankshares from C$27.00 to C$24.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price target points to a potential upside of 38.73% from the stock’s current price.

A number of other equities analysts also recently issued reports on the company. Stifel Nicolaus decreased their price objective on Savaria from C$25.00 to C$24.00 and set a “buy” rating for the company in a report on Friday. Cormark lowered shares of Savaria from a “buy” rating to a “market perform” rating in a research note on Monday, November 11th. Scotiabank lowered their price target on shares of Savaria from C$25.00 to C$22.00 and set an “outperform” rating for the company in a research report on Friday. Finally, TD Securities cut their price objective on shares of Savaria from C$30.00 to C$25.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$23.57.

Savaria Stock Up 5.0 %

SIS stock opened at C$17.30 on Friday. The company has a market capitalization of C$1.25 billion, a price-to-earnings ratio of 27.07, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90. The company has a debt-to-equity ratio of 54.11, a quick ratio of 0.91 and a current ratio of 1.97. The business’s 50 day moving average price is C$18.80 and its two-hundred day moving average price is C$20.48. Savaria has a fifty-two week low of C$15.88 and a fifty-two week high of C$23.92.

About Savaria

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.