What’s Propelling Savaria Corporation to Decline So Much?

 What's Propelling Savaria Corporation to Decline So Much?

The stock of Savaria Corporation (TSE:SIS) is a huge mover today! About 147,169 shares traded hands or 103.28% up from the average. Savaria Corporation (TSE:SIS) has risen 78.14% since April 7, 2016 and is uptrending. It has outperformed by 72.00% the S&P500.
The move comes after 7 months negative chart setup for the $403.91 million company. It was reported on Nov, 11 by Barchart.com. We have $10.08 PT which if reached, will make TSE:SIS worth $40.39 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 -28.57% below today’s ($11.2) 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 by National Bank Canada given on Friday, November 6.

More notable recent Savaria Corporation (TSE:SIS) news were published by: Marketwired.com which released: “Bourassa Family Announces Secondary Offering of Common Shares of Savaria …” on November 10, 2016, also Marketwatch.com with their article: “Savaria President and CFO Exercise their Warrants” published on November 09, 2016, Seekingalpha.com published: “Savaria Corporation – Riding Strong Macroeconomic Tailwinds” on January 25, 2016. More interesting news about Savaria Corporation (TSE:SIS) were released by: Reuters.com and their article: “BRIEF-Bourassa family announces secondary offering of common shares of Sav…” published on November 10, 2016 as well as Marketwired.com‘s news article titled: “Savaria Corporation Added to S&P/TSX Small Cap Index” with publication date: September 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 $403.91 million. The Firm operates through two divisions: Accessibility and Adapted Vehicles. It has a 33.69 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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