Sienna Senior Living (TSE:SIA) Stock Price Expected to Rise, CIBC Analyst Says

Sienna Senior Living (TSE:SIA) had its target price hoisted by CIBC from C$17.00 to C$19.00 in a research note released on Wednesday morning,BayStreet.CA reports.

A number of other research analysts have also commented on the company. National Bank Financial raised Sienna Senior Living to a “strong-buy” rating in a report on Monday, July 22nd. National Bankshares set a C$17.50 price target on shares of Sienna Senior Living and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Royal Bank of Canada lifted their price objective on shares of Sienna Senior Living from C$16.00 to C$17.00 in a research note on Thursday, August 29th. Desjardins increased their target price on shares of Sienna Senior Living from C$16.50 to C$17.50 and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, Scotiabank lifted their price target on shares of Sienna Senior Living from C$17.50 to C$18.00 in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$18.00.

Sienna Senior Living Trading Up 1.8 %

Shares of TSE:SIA opened at C$16.80 on Wednesday. The stock has a market cap of C$1.39 billion, a PE ratio of 43.08 and a beta of 1.20. The company has a quick ratio of 0.23, a current ratio of 0.10 and a debt-to-equity ratio of 275.10. Sienna Senior Living has a 12-month low of C$10.56 and a 12-month high of C$17.60. The business has a 50 day moving average of C$16.80 and a 200-day moving average of C$15.40.

Sienna Senior Living Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.078 per share. This represents a $0.94 annualized dividend and a yield of 5.57%. The ex-dividend date is Thursday, October 31st. Sienna Senior Living’s payout ratio is presently 241.03%.

Sienna Senior Living Company Profile

Sienna Senior Living Inc provides senior living and long-term care (LTC) services in Canada. The company operates through Retirement and LTC segments. It offers independent supportive and assisted living, memory care, and long-term care services; and management services to senior living residences. The company was formerly known as Leisureworld Senior Care Corporation and changed its name to Sienna Senior Living Inc in May 2015.