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

Savaria (TSE:SIS) 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.

Savaria Stock Performance

Shares of SIS stock opened at C$19.22 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.92 and a debt-to-equity ratio of 58.20. The business has a 50 day moving average of C$18.43 and a two-hundred day moving average of C$17.36. Savaria has a 52 week low of C$12.21 and a 52 week high of C$19.80. The company has a market cap of C$1.36 billion, a P/E ratio of 30.03, a PEG ratio of 42.72 and a beta of 0.88.

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.