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

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

Savaria Trading Up 2.8 %

Savaria stock opened at C$22.48 on Friday. The company has a debt-to-equity ratio of 56.50, a quick ratio of 0.91 and a current ratio of 1.94. The business’s 50-day simple moving average is C$21.98 and its 200-day simple moving average is C$19.56. The firm has a market capitalization of C$1.60 billion, a PE ratio of 33.65, a PEG ratio of 42.72 and a beta of 0.90. Savaria Co. has a 52 week low of C$14.10 and a 52 week high of C$23.92.

Savaria Announces Dividend

The company also recently announced 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. This represents a $0.54 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was Thursday, October 31st. Savaria’s dividend payout ratio (DPR) is presently 83.08%.

Analyst Ratings Changes

Several research firms have weighed in on SIS. Scotiabank set a C$25.00 target price on Savaria and gave the company an “outperform” rating in a report on Thursday, September 26th. TD Securities raised their target price on Savaria from C$23.00 to C$24.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Desjardins raised their target price on Savaria from C$25.00 to C$26.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Raymond James raised their target price on Savaria from C$25.00 to C$27.50 and gave the company an “outperform” rating in a report on Friday, September 13th. Finally, Cormark lowered Savaria from a “buy” rating to a “market perform” rating in a report on Monday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Savaria has an average rating of “Moderate Buy” and a consensus target price 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.