The stock of Sienna Senior Living Inc (TSE:SIA) gapped up by $0.05 today and has $21.23 target or 30.00% above today’s $16.33 share price. The 5 months technical chart setup indicates low risk for the $769.34M company. The gap was reported on Nov, 11 by Barchart.com. If the $21.23 price target is reached, the company will be worth $230.80 million 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 71,408 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. $18.25 is the highest target while $15.50 is the lowest. The $17.39 average target is 6.49% above today’s ($16.33) stock price. Sienna Senior Living Inc. has been the topic of 18 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock of Sienna Senior Living Inc (TSE:SIA) has “Sector Perform” rating given on Wednesday, August 12 by Scotia Capital. RBC Capital Markets upgraded the shares of SIA in a report on Thursday, November 10 to “Outperform” rating. Scotia Capital maintained the stock with “Sector Perform” rating in Friday, August 12 report.
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 $769.34 million. The Company’s divisions include Long-Term Care, Retirement, Home Care and Management Services. It has a 131.76 P/E ratio. Under its management services division, the Company provides management services to LTC homes and RR in Ontario.
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