Savaria Co. (TSE:SIS) Senior Officer Buys C$448,753.20 in Stock

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

Savaria Price Performance

Shares of SIS stock opened at C$21.89 on Tuesday. The stock has a 50-day moving average price of C$21.86 and a 200 day moving average price of C$19.49. 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$1.56 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 disclosed a monthly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be paid a dividend of $0.045 per share. The ex-dividend date is Thursday, October 31st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.47%. Savaria’s dividend payout ratio (DPR) is presently 83.08%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SIS shares. Cormark downgraded shares of Savaria from a “buy” rating to a “market perform” rating in a research note on Monday. Stifel Nicolaus raised their price target on shares of Savaria from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Scotiabank set a C$25.00 price objective on Savaria and gave the company an “outperform” rating in a research note on Thursday, September 26th. Desjardins raised their target price on Savaria from C$25.00 to C$26.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Finally, Raymond James upped their price target on Savaria from C$25.00 to C$27.50 and gave the company an “outperform” rating in a research report on Friday, September 13th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$25.50.

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.