TD Securities Forecasts Strong Price Appreciation for Savaria (TSE:SIS) Stock

Savaria (TSE:SIS) had its target price hoisted by stock analysts at TD Securities from C$22.00 to C$24.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 23.52% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Cormark upgraded shares of Savaria from a “hold” rating to a “moderate buy” rating in a research note on Friday, March 7th. Desjardins dropped their price objective on Savaria from C$27.00 to C$25.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Scotiabank decreased their target price on Savaria from C$25.00 to C$22.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Raymond James dropped their price target on Savaria from C$27.50 to C$24.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th. Finally, National Bankshares cut their price target on Savaria from C$27.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$23.86.

Savaria Stock Up 1.5 %

TSE:SIS opened at C$19.43 on Thursday. The company has a market cap of C$1.40 billion, a price-to-earnings ratio of 30.40, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90. Savaria has a twelve month low of C$14.97 and a twelve month high of C$23.92. The company has a current ratio of 1.97, a quick ratio of 0.91 and a debt-to-equity ratio of 54.11. The stock has a fifty day simple moving average of C$16.76 and a 200-day simple moving average of C$19.06.

About Savaria

Savaria Corp designs, engineers, and manufactures products for personal mobility. Its products include home elevators, wheelchair lifts, commercial elevators, ceiling lifts, stairlifts, and van conversions. The company’s operating segments are the Accessibility, Adapted Vehicles, and Patient Handling, divisions.