Could Savaria Corporation See a Reversal After This Very Weak Session?

 Could Savaria Corporation See a Reversal After This Very Weak Session?

The stock of Savaria Corporation (TSE:SIS) is a huge mover today! About 50,660 shares traded hands. Savaria Corporation (TSE:SIS) has risen 68.91% since April 18, 2016 and is uptrending. It has outperformed by 64.36% the S&P500.
The move comes after 6 months negative chart setup for the $396.64 million company. It was reported on Nov, 22 by Barchart.com. We have $10.44 PT which if reached, will make TSE:SIS worth $31.73 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 -29.52% below today’s ($11.35) stock price. Savaria Corp has been the topic of 4 analyst reports since November 6, 2015 according to StockzIntelligence Inc. On Friday, November 6 the stock rating was maintained by National Bank Canada with “Outperform”.

More important 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 Marketwired.com published article titled: “Savaria Corporation Added to S&P/TSX Small Cap Index”, Seekingalpha.com published: “Savaria Corporation – Riding Strong Macroeconomic Tailwinds” on January 25, 2016. More interesting news about Savaria Corporation (TSE:SIS) was released by: Marketwatch.com and their article: “Savaria President and CFO Exercise their Warrants” with publication date: November 09, 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 $396.64 million. The Firm operates through two divisions: Accessibility and Adapted Vehicles. It has a 34.14 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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