Royal Bank Of Canada Forecasts Strong Price Appreciation for Sienna Senior Living (TSE:SIA) Stock

Sienna Senior Living (TSE:SIA) had its price target hoisted by Royal Bank Of Canada from C$22.00 to C$25.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 6.47% from the company’s previous close.

Several other brokerages have also commented on SIA. Canaccord Genuity Group raised 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 research note on Monday, February 23rd. ATB Cormark Capital Markets increased their price objective on Sienna Senior Living from C$23.00 to C$25.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. Scotiabank raised their target price on Sienna Senior Living from C$24.00 to C$25.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. Desjardins lifted their target price on Sienna Senior Living from C$24.00 to C$26.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Finally, BMO Capital Markets boosted their price target on Sienna Senior Living from C$22.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sienna Senior Living has a consensus rating of “Buy” and an average price target of C$25.50.

Sienna Senior Living Stock Performance

SIA stock opened at C$23.48 on Thursday. Sienna Senior Living has a 1 year low of C$15.35 and a 1 year high of C$23.97. The stock has a market capitalization of C$2.21 billion, a price-to-earnings ratio of 53.36 and a beta of 0.91. The company has a debt-to-equity ratio of 215.47, a quick ratio of 0.23 and a current ratio of 0.43. The stock’s fifty day moving average is C$21.80 and its two-hundred day moving average is C$20.01.

Sienna Senior Living (TSE:SIA) last released its quarterly earnings results on Thursday, February 19th. The company reported C$0.14 EPS for the quarter. The business had revenue of C$278.45 million during the quarter. Sienna Senior Living had a net margin of 3.57% and a return on equity of 7.71%. On average, research analysts predict that Sienna Senior Living will post 0.4595351 EPS 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.