It Seems Savaria Corporation Will Go Down. Have Another Big Decline

 It Seems Savaria Corporation Will Go Down. Have Another Big Decline

The stock of Savaria Corporation (TSE:SIS) is a huge mover today! About 30,425 shares traded hands. Savaria Corporation (TSE:SIS) has risen 84.75% since March 10, 2016 and is uptrending. It has outperformed by 79.14% the S&P500.
The move comes after 9 months negative chart setup for the $393.41M company. It was reported on Oct, 17 by Barchart.com. We have $9.69 PT which if reached, will make TSE:SIS worth $51.14 million less.

Savaria Corporation (TSE:SIS) Ratings Coverage

Out of 2 analysts covering Savaria Corp (TSE:SIS), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $10 is the highest target while $6 is the lowest. The $8 average target is -28.19% below today’s ($11.14) stock price. Savaria Corp has been the topic of 4 analyst reports since November 6, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Friday, November 6 by National Bank Canada.

More notable recent Savaria Corporation (TSE:SIS) news were published by: Marketwired.com which released: “Savaria Corporation Added to S&P/TSX Small Cap Index” on September 14, 2016, also Seekingalpha.com with their article: “Savaria Corporation – Riding Strong Macroeconomic Tailwinds” published on January 25, 2016, Marketwired.com published: “Savaria Announces Record-Breaking Second Quarter and Raises Guidance for 2016” on August 10, 2016. More interesting news about Savaria Corporation (TSE:SIS) were released by: Marketwired.com and their article: “Savaria Announces Increase to Bought Deal Financing” published on May 27, 2016 as well as Seekingalpha.com‘s news article titled: “Savaria’s Retail Initiative Is No Longer In Stealth Mode” with publication date: April 14, 2016.

Savaria Corporation is a Canada-based company, which offers a range of stairlifts, platform lifts, and residential and commercial elevators. The company has a market cap of $393.41 million. The Firm operates through two divisions: Accessibility and Adapted Vehicles. It has a 36.74 P/E ratio. The Accessibility segment designs, makes, distributes and installs accessibility products, such as stairlifts for both straight and curved stairs, vertical and inclined platform lifts and elevators for home and commercial use.

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