The stock of Sienna Senior Living Inc (TSE:SIA) gapped up by $0.02 today and has $19.63 target or 27.00% above today’s $15.46 share price. The 7 months technical chart setup indicates low risk for the $692.63 million company. The gap was reported on Nov, 7 by Barchart.com. If the $19.63 price target is reached, the company will be worth $187.01M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 32,457 shares traded hands. Sienna Senior Living Inc (TSE:SIA) has declined 7.26% since April 1, 2016 and is downtrending. It has underperformed by 9.21% the S&P500.
Sienna Senior Living Inc (TSE:SIA) Ratings Coverage
Out of 3 analysts covering Sienna Senior Living Inc. (TSE:SIA), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. $18.25 is the highest target while $15.50 is the lowest. The $17.39 average target is 12.48% above today’s ($15.46) stock price. Sienna Senior Living Inc. has been the topic of 17 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Scotia Capital maintained Sienna Senior Living Inc (TSE:SIA) on Wednesday, August 12 with “Sector Perform” rating. Scotia Capital maintained Sienna Senior Living Inc (TSE:SIA) rating on Friday, August 12. Scotia Capital has “Sector Perform” rating and $18.25 price target.
More important recent Sienna Senior Living Inc (TSE:SIA) news were published by: Marketwired.com which released: “Sienna Senior Living Inc. to Acquire Traditions of Durham Retirement Residence …” on December 09, 2015, also Reuters.com published article titled: “BRIEF-Sienna Senior Living purchases assets for about $255 mln in British …”, Marketwired.com published: “Sienna Senior Living Announces Significant Expansion in British Columbia and …” on April 18, 2016. More interesting news about Sienna Senior Living Inc (TSE:SIA) was released by: Marketwired.com and their article: “Sienna Senior Living Inc. Completes Sale of Home Health Care Business” with publication date: April 28, 2016.
Sienna Senior Living Inc., formerly Leisureworld Senior Care Corporation , is a Canada firm that owns and operates approximately 10 retirement residence (RR) in the Provinces of Ontario and British Columbia and over 30 long-term care (LTC) homes in the Province of Ontario (representing an aggregate of over 5,730 beds). The company has a market cap of $692.63 million. The Company’s divisions include Long-Term Care, Retirement, Home Care and Management Services. It has a 124.74 P/E ratio. Under its management services division, the Company provides management services to LTC homes and RR in Ontario.
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