CIBC Issues Pessimistic Forecast for Sienna Senior Living (TSE:SIA) Stock Price

Sienna Senior Living (TSE:SIA) had its price target reduced by stock analysts at CIBC from C$19.00 to C$18.00 in a report released on Friday,BayStreet.CA reports. CIBC’s price objective indicates a potential upside of 13.92% from the company’s current price.

A number of other brokerages have also recently commented on SIA. TD Securities set a C$20.00 price objective on Sienna Senior Living and gave the stock a “buy” rating in a research note on Friday. Scotiabank raised their target price on shares of Sienna Senior Living from C$17.50 to C$18.00 in a research report on Wednesday, November 13th. Finally, BMO Capital Markets set a C$17.00 price objective on Sienna Senior Living and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Sienna Senior Living currently has an average rating of “Moderate Buy” and an average price target of C$17.86.

Sienna Senior Living Price Performance

Shares of Sienna Senior Living stock traded up C$0.16 during midday trading on Friday, hitting C$15.80. 445,356 shares of the company were exchanged, compared to its average volume of 283,491. The company has a debt-to-equity ratio of 215.47, a current ratio of 0.43 and a quick ratio of 0.23. The firm has a 50 day simple moving average of C$15.51 and a 200-day simple moving average of C$16.12. Sienna Senior Living has a 52 week low of C$12.62 and a 52 week high of C$17.60. The firm has a market cap of C$1.31 billion, a P/E ratio of 39.12 and a beta of 1.20.

About Sienna Senior Living

Sienna Senior Living Inc provides senior living and long-term care (LTC) services in Canada. The company operates through Retirement and LTC segments. It offers independent supportive and assisted living, memory care, and long-term care services; and management services to senior living residences. The company was formerly known as Leisureworld Senior Care Corporation and changed its name to Sienna Senior Living Inc in May 2015.