Savaria (TSE:SIS – Free Report) had its price target hoisted by Stifel Nicolaus from C$23.00 to C$24.00 in a research report report published on Friday morning, BayStreet.CA reports.
Several other research analysts have also recently commented on SIS. Cormark raised their target price on shares of Savaria from C$22.50 to C$24.00 in a report on Friday, May 10th. Raymond James raised their price objective on Savaria from C$19.00 to C$22.00 in a research note on Friday, May 10th. National Bankshares upped their target price on Savaria from C$21.00 to C$22.00 in a research report on Thursday, August 8th. TD Securities increased their target price on Savaria from C$23.00 to C$24.00 and gave the stock a buy rating in a report on Thursday, August 8th. Finally, Scotiabank boosted their price target on Savaria from C$21.50 to C$22.00 in a research note on Friday, May 10th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Savaria has a consensus rating of Buy and an average price target of C$23.14.
Check Out Our Latest Stock Report on SIS
Savaria Price Performance
Savaria Announces Dividend
The firm also recently disclosed a monthly dividend, which was paid on Friday, August 9th. Investors of record on Wednesday, July 31st were paid a $0.043 dividend. This represents a $0.52 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Wednesday, July 31st. Savaria’s dividend payout ratio (DPR) is presently 81.25%.
Insider Buying and Selling at Savaria
In other news, Director Peter Allen Drutz sold 4,000 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of C$18.10, for a total value of C$72,400.00. Company insiders own 20.38% of the company’s stock.
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.
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