In a latest note to investors, a research analyst has provided a rating update for the Consumer Goods sector company, Savaria (SIS). Analyst Leon Aghazarian from National Bank remains bullish on the stock and has a C$17.50 price target.
According to TipRanks.com, Aghazarian is ranked #3221 out of 5251 analysts.
Savaria has an analyst consensus of Moderate Buy, with a price target consensus of C$17.50, implying a 14.5% upside from current levels. In a report released today, Desjardins also maintained a Buy rating on the stock with a C$17.50 price target.
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Based on Savaria’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$4.76 million. In comparison, last year the company had a net profit of C$8.34 million.
Savaria Corp. engages in the provision of accessibility solutions for the physically challenged to increase their comfort, mobility, and independence. Its products include stairlifts, wheelchair lifts, ceiling lifts, residential and commercial elevators. It operates through the following segments: Accessibility, Adapted Vehicles, and Span.
The company’s shares closed on Friday at C$15.29.
