Savaria (TSE:SIS) Hits New 12-Month Low – Here’s What Happened

Savaria Co. (TSE:SIS)’s stock price reached a new 52-week low on Monday . The company traded as low as C$15.95 and last traded at C$16.09, with a volume of 11803 shares. The stock had previously closed at C$16.22.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. TD Securities cut their target price on Savaria from C$25.00 to C$22.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Raymond James dropped their price objective on Savaria from C$27.50 to C$24.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. Desjardins decreased their target price on Savaria from C$27.00 to C$25.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Stifel Nicolaus lowered their target price on Savaria from C$25.00 to C$24.00 and set a “buy” rating for the company in a report on Friday, March 7th. Finally, Scotiabank cut their price target on shares of Savaria from C$25.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$23.57.

Savaria Stock Up 1.9 %

The company has a market cap of C$1.18 billion, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90. The company has a debt-to-equity ratio of 54.11, a quick ratio of 0.91 and a current ratio of 1.97. The business has a 50-day simple moving average of C$17.73 and a 200-day simple moving average of C$20.11.

About Savaria

Savaria Corp designs, engineers, and manufactures products for personal mobility. Its products include home elevators, wheelchair lifts, commercial elevators, ceiling lifts, stairlifts, and van conversions. The company’s operating segments are the Accessibility, Adapted Vehicles, and Patient Handling, divisions.