Savaria (TSE:SIS) Given New C$22.00 Price Target at National Bankshares

Savaria (TSE:SIS) had its price objective raised by National Bankshares from C$21.00 to C$22.00 in a research report released on Thursday morning, BayStreet.CA reports.

SIS has been the topic of several other reports. Desjardins upped their price objective on Savaria from C$23.50 to C$24.00 and gave the stock a buy rating in a report on Tuesday, July 30th. Cormark upped their price objective on Savaria from C$22.50 to C$24.00 in a report on Friday, May 10th. Raymond James increased their price target on Savaria from C$19.00 to C$22.00 in a report on Friday, May 10th. TD Securities increased their price target on Savaria from C$23.00 to C$24.00 and gave the company a buy rating in a report on Thursday. Finally, Scotiabank increased their price target on Savaria from C$21.50 to C$22.00 in a report on Friday, May 10th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Savaria has an average rating of Buy and a consensus target price of C$23.14.

Savaria Stock Down 2.4 %

Shares of SIS opened at C$19.22 on Thursday. The stock has a market capitalization of C$1.36 billion, a price-to-earnings ratio of 30.03, a price-to-earnings-growth ratio of 42.72 and a beta of 0.88. Savaria has a 1 year low of C$12.21 and a 1 year high of C$19.80. The business’s 50 day simple moving average is C$18.43 and its 200-day simple moving average is C$17.36. The company has a debt-to-equity ratio of 58.20, a current ratio of 1.92 and a quick ratio of 0.91.

Savaria Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 9th. Shareholders of record on Wednesday, July 31st were given a $0.043 dividend. This represents a $0.52 annualized dividend and a yield of 2.68%. The ex-dividend date was Wednesday, July 31st. Savaria’s dividend payout ratio (DPR) is presently 81.25%.

Insider Buying and Selling at Savaria

In other Savaria news, Director Peter Allen Drutz sold 4,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of C$18.10, for a total value of C$72,400.00. 20.38% of the stock is currently owned by corporate insiders.

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.