Savaria Co. (TSE:SIS) Senior Officer Jean-Philippe De Montigny Buys 19,545 Shares of Stock

Savaria Co. (TSE:SIS) Senior Officer Jean-Philippe De Montigny acquired 19,545 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average cost of C$22.96 per share, with a total value of C$448,753.20.

Savaria Stock Performance

TSE SIS opened at C$21.85 on Wednesday. The company has a 50-day simple moving average of C$21.91 and a two-hundred day simple moving average of C$19.50. Savaria Co. has a 12-month low of C$13.95 and a 12-month high of C$23.92. The firm has a market cap of C$1.55 billion, a price-to-earnings ratio of 33.68, a PEG ratio of 42.72 and a beta of 0.90. The company has a quick ratio of 0.91, a current ratio of 1.94 and a debt-to-equity ratio of 56.50.

Savaria Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were given a dividend of $0.045 per share. The ex-dividend date was Thursday, October 31st. This represents a $0.54 annualized dividend and a yield of 2.47%. Savaria’s payout ratio is 83.08%.

Wall Street Analyst Weigh In

SIS has been the subject of a number of analyst reports. Cormark lowered shares of Savaria from a “buy” rating to a “market perform” rating in a research report on Monday. National Bankshares upped their price target on shares of Savaria from C$22.00 to C$27.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Stifel Nicolaus increased their price objective on Savaria from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. TD Securities boosted their target price on Savaria from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Finally, Scotiabank set a C$25.00 price target on Savaria and gave the company an “outperform” rating in a report on Thursday, September 26th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$25.50.

Savaria Company Profile

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.