TD Securities Lowers Savaria (TSE:SIS) Price Target to C$22.00

Savaria (TSE:SIS) had its price target dropped by equities research analysts at TD Securities from C$25.00 to C$22.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 27.17% from the stock’s current price.

A number of other research firms have also recently commented on SIS. Stifel Nicolaus cut their price target on shares of Savaria from C$25.00 to C$24.00 and set a “buy” rating on the stock in a report on Friday. Scotiabank dropped their target price on shares of Savaria from C$25.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Friday. Cormark lowered shares of Savaria from a “buy” rating to a “market perform” rating in a research report on Monday, November 11th. Finally, National Bankshares lowered their price target on Savaria from C$27.00 to C$24.00 and set an “outperform” rating for the company in a report on Friday. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Savaria currently has an average rating of “Moderate Buy” and a consensus target price of C$23.57.

Savaria Stock Performance

Shares of Savaria stock opened at C$17.30 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.97 and a debt-to-equity ratio of 54.11. The stock’s fifty day moving average is C$18.80 and its two-hundred day moving average is C$20.48. Savaria has a 52 week low of C$15.88 and a 52 week high of C$23.92. The company has a market capitalization of C$1.25 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90.

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.