What’s Ahead for Savaria Corporation After Today’s Huge Decline?

 What's Ahead for Savaria Corporation After Today's Huge Decline?

The stock of Savaria Corporation (TSE:SIS) is a huge mover today! About 113,310 shares traded hands or 65.39% up from the average. Savaria Corporation (TSE:SIS) has risen 97.46% since March 28, 2016 and is uptrending. It has outperformed by 94.44% the S&P500.
The move comes after 5 months negative chart setup for the $440.75 million company. It was reported on Nov, 1 by Barchart.com. We have $10.57 PT which if reached, will make TSE:SIS worth $57.30M 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 -34.16% below today’s ($12.15) 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: Seekingalpha.com which released: “Savaria Corporation – Riding Strong Macroeconomic Tailwinds” on January 25, 2016, also Marketwired.com with their article: “Savaria Corporation Added to S&P/TSX Small Cap Index” published on September 14, 2016, Marketwired.com published: “Savaria Announces Increase to Bought Deal Financing” on May 27, 2016. More interesting news about Savaria Corporation (TSE:SIS) were released by: Marketwired.com and their article: “Savaria Announces Record-Breaking Second Quarter and Raises Guidance for 2016” published on August 10, 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 $440.75 million. The Firm operates through two divisions: Accessibility and Adapted Vehicles. It has a 40.07 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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