The stock of Sienna Senior Living Inc (TSE:SIA) gapped up by $0.05 today and has $23.90 target or 47.00% above today’s $16.26 share price. The 9 months technical chart setup indicates low risk for the $766.04M company. The gap was reported on Nov, 11 by Barchart.com. If the $23.90 price target is reached, the company will be worth $360.04M 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 92,988 shares traded hands. Sienna Senior Living Inc (TSE:SIA) has declined 5.15% since April 7, 2016 and is downtrending. It has underperformed by 11.29% the S&P500.
Sienna Senior Living Inc (TSE:SIA) Ratings Coverage
Out of 4 analysts covering Sienna Senior Living Inc. (TSE:SIA), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Sienna Senior Living Inc. has been the topic of 18 analyst reports since August 12, 2015 according to StockzIntelligence Inc. RBC Capital Markets upgraded Sienna Senior Living Inc (TSE:SIA) rating on Thursday, November 10. RBC Capital Markets has “Outperform” rating and $18 price target. The firm has “Sector Perform” rating given on Wednesday, August 12 by Scotia Capital. The company was maintained on Friday, August 12 by Scotia Capital.
More important recent Sienna Senior Living Inc (TSE:SIA) news were published by: Seekingalpha.com which released: “Sienna Senior Living’s (LWSCF) CEO Lois Cormack on Q3 2016 Results – Earnings …” on November 11, 2016, also Reuters.com published article titled: “BRIEF-Sienna Senior Living qtrly diluted OFFO per share $0.35”, Marketwired.com published: “Sienna Senior Living Inc. to Acquire Traditions of Durham Retirement Residence …” on December 09, 2015. More interesting news about Sienna Senior Living Inc (TSE:SIA) was released by: Reuters.com and their article: “BRIEF-Sienna Senior Living purchases assets for about $255 mln in British …” with publication date: April 18, 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 $766.04 million. The Company’s divisions include Long-Term Care, Retirement, Home Care and Management Services. It has a 131.19 P/E ratio. Under its management services division, the Company provides management services to LTC homes and RR in Ontario.