Savaria (TSE:SIS) Reaches New 12-Month High at $22.48

Savaria Co. (TSE:SIS) hit a new 52-week high on Wednesday . The stock traded as high as C$22.48 and last traded at C$22.36, with a volume of 16686 shares trading hands. The stock had previously closed at C$22.19.

Several equities analysts recently weighed in on SIS shares. Cormark raised their price target on shares of Savaria from C$23.00 to C$25.00 and gave the company a “na” rating in a research report on Monday, August 16th. Laurentian lifted their target price on shares of Savaria from C$22.00 to C$24.00 in a research report on Friday, August 13th. Laurentian Bank of Canada lifted their target price on shares of Savaria from C$22.00 to C$24.00 in a research report on Friday, August 13th. National Bankshares lifted their target price on shares of Savaria from C$20.50 to C$24.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 14th. Finally, TD Securities lifted their target price on shares of Savaria from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research report on Friday, August 13th. Four analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$24.50.

The company has a current ratio of 1.83, a quick ratio of 1.09 and a debt-to-equity ratio of 93.89. The company has a market cap of C$1.43 billion and a P/E ratio of 45.94. The business’s fifty day moving average is C$20.86 and its 200 day moving average is C$19.45.

In related news, Director Peter Allen Drutz sold 6,000 shares of Savaria stock in a transaction that occurred on Tuesday, August 24th. The shares were sold at an average price of C$20.90, for a total value of C$125,400.00. Following the sale, the director now owns 110,364 shares of the company’s stock, valued at approximately C$2,306,607.60.

Savaria Company Profile (TSE:SIS)

Savaria Corporation provides accessibility solutions for the elderly and physically challenged peoples in Canada, the United States, Europe, and internationally. The company operates in three segments: Accessibility, Adapted Vehicles, and Patient Handling. The Accessibility segment designs, manufactures, distributes, and installs accessibility products, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair platform lifts, and elevators for home and commercial use.

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