Sienna Senior Living (TSE:SIA) Reaches New 1-Year High Following Analyst Upgrade

Sienna Senior Living Inc. (TSE:SIA) reached a new 52-week high during mid-day trading on Monday after Scotiabank raised their price target on the stock from C$24.00 to C$25.00. Scotiabank currently has an outperform rating on the stock. Sienna Senior Living traded as high as C$23.83 and last traded at C$23.61, with a volume of 169986 shares traded. The stock had previously closed at C$22.94.

Several other equities analysts have also issued reports on the company. Canadian Imperial Bank of Commerce raised their price target on Sienna Senior Living from C$23.00 to C$26.00 in a research report on Monday. BMO Capital Markets increased their price objective on Sienna Senior Living from C$22.00 to C$25.00 and gave the company an “outperform” rating in a research note on Monday. TD Securities lifted their target price on shares of Sienna Senior Living from C$24.00 to C$26.00 and gave the stock a “buy” rating in a research note on Monday. Canaccord Genuity Group upped their price target on shares of Sienna Senior Living from C$24.50 to C$26.00 and gave the company a “buy” rating in a report on Monday. Finally, Royal Bank Of Canada increased their price target on shares of Sienna Senior Living from C$20.00 to C$22.00 and gave the company a “sector perform” rating in a research report on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$25.13.

Sienna Senior Living News Summary

Here are the key news stories impacting Sienna Senior Living this week:

• Positive Sentiment: Scotiabank raised its price target to C$25.00 and assigned an “outperform” rating (≈4.6% upside). BayStreet Article
• Positive Sentiment: Canaccord Genuity raised its target to C$26.00 and set a “buy” rating (≈8.8% upside). BayStreet Article
• Positive Sentiment: Desjardins lifted its target to C$26.00 and keeps a “buy” rating (≈8.8% upside). BayStreet Article
• Positive Sentiment: BMO Capital Markets bumped its target to C$25.00 and moved to “outperform” (≈5.1% upside). BayStreet Article
• Positive Sentiment: ATB Cormark raised its target to C$25.00 and issued an “outperform” rating (≈5.1% upside). BayStreet Article TickerReport
• Positive Sentiment: TD Securities increased its target to C$26.00 and holds a “buy” rating (≈9.3% upside). BayStreet Article
• Positive Sentiment: CIBC raised its target to C$26.00 (≈9.3% upside). BayStreet Article

Sienna Senior Living Trading Up 4.1%

The stock’s fifty day moving average price is C$21.59 and its 200 day moving average price is C$19.90. The stock has a market cap of C$2.25 billion, a P/E ratio of 54.30 and a beta of 0.91. The company has a current ratio of 0.43, a quick ratio of 0.23 and a debt-to-equity ratio of 215.47.

Sienna Senior Living (TSE:SIA) last issued its quarterly earnings results on Thursday, February 19th. The company reported C$0.14 earnings per share (EPS) for the quarter. Sienna Senior Living had a net margin of 3.57% and a return on equity of 7.71%. The company had revenue of C$278.45 million during the quarter. Equities research analysts expect that Sienna Senior Living Inc. will post 0.4595351 earnings per share for the current year.

About Sienna Senior Living

Sienna Senior Living Inc (TSX:SIA) offers a full range of senior living options, including independent living, assisted living and memory care under its Aspira retirement brand, long-term care, and specialized programs and services. Sienna’s approximately 15,000 employees are passionate about cultivating happiness in daily life.