Shares of Savaria (SIS) were revisited by a Wall Street analyst today. Analyst Frederic Tremblay from Desjardins reiterated a Buy rating, with a C$16 price target.
According to TipRanks.com, Tremblay is ranked #3965 out of 5188 analysts.
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Currently, the analyst consensus on Savaria is a Moderate Buy with an average price target of C$17.
Based on Savaria’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$2.75 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 Thursday at C$13.28.
