Savaria (TSE:SIS – Free Report) had its price target increased by National Bankshares from C$21.00 to C$22.00 in a research note issued to investors on Thursday, BayStreet.CA reports.
A number of other equities research analysts have also recently weighed in on SIS. Desjardins lifted their price target on Savaria from C$23.50 to C$24.00 and gave the company a buy rating in a report on Tuesday, July 30th. Raymond James lifted their price target on Savaria from C$19.00 to C$22.00 in a report on Friday, May 10th. Cormark lifted their price target on Savaria from C$22.50 to C$24.00 in a report on Friday, May 10th. Scotiabank lifted their price target on Savaria from C$21.50 to C$22.00 in a report on Friday, May 10th. Finally, TD Securities lifted 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. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Savaria presently has a consensus rating of Buy and an average target price of C$23.14.
View Our Latest Research Report on Savaria
Savaria Stock Performance
Savaria Announces Dividend
The company also recently announced a monthly dividend, which was paid on Friday, August 9th. Investors of record on Wednesday, July 31st were issued a dividend of $0.043 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.52 annualized dividend and a yield of 2.68%. Savaria’s payout ratio is 81.25%.
Insider Buying and Selling
In related news, Director Peter Allen Drutz sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of C$18.10, for a total transaction of C$72,400.00. 20.38% of the stock is 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.
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