StorageVault Canada (CVE:SVI) Given New C$7.75 Price Target at Scotiabank

StorageVault Canada (CVE:SVI – Get Rating) had its price target raised by analysts at Scotiabank from C$7.50 to C$7.75 in a report released on Friday, BayStreet.CA reports. Scotiabank’s target price points to a potential upside of 20.72% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. National Bankshares increased their target price on shares of StorageVault Canada from C$7.00 to C$7.50 and gave the stock an “outperform” rating in a research report on Friday, July 29th. Raymond James raised their price target on shares of StorageVault Canada from C$7.75 to C$8.00 and gave the stock an “outperform” rating in a research report on Friday, July 29th. Royal Bank of Canada raised their price target on shares of StorageVault Canada from C$8.00 to C$9.00 and gave the stock an “outperform” rating in a research report on Friday, July 29th. TD Securities raised their price objective on StorageVault Canada from C$7.50 to C$8.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Finally, CIBC reduced their price objective on StorageVault Canada from C$8.00 to C$7.00 in a research note on Monday, June 27th.

StorageVault Canada Stock Performance

CVE SVI opened at C$6.42 on Friday. The company has a market capitalization of C$2.43 billion and a PE ratio of -71.33. StorageVault Canada has a twelve month low of C$3.68 and a twelve month high of C$7.39. The company has a current ratio of 3.04, a quick ratio of 2.53 and a debt-to-equity ratio of 687.87. The business’s 50-day moving average price is C$6.42 and its 200 day moving average price is C$6.42.

Insiders Place Their Bets

In other StorageVault Canada news, insider Access Self Storage Inc. acquired 100,000 shares of the business’s stock in a transaction that occurred on Monday, May 9th. The stock was acquired at an average price of C$5.68 per share, with a total value of C$568,300.00. Following the transaction, the insider now owns 133,374,954 shares of the company’s stock, valued at C$757,969,863.58. In other StorageVault Canada news, insider StorageVault Canada Inc. bought 62,000 shares of StorageVault Canada stock in a transaction dated Friday, May 13th. The shares were acquired at an average cost of C$5.92 per share, with a total value of C$367,033.80. Following the acquisition, the insider now directly owns 124,000 shares of the company’s stock, valued at C$734,067.60. Also, insider Access Self Storage Inc. acquired 100,000 shares of StorageVault Canada stock in a transaction on Monday, May 9th. The shares were purchased at an average cost of C$5.68 per share, for a total transaction of C$568,300.00. Following the acquisition, the insider now owns 133,374,954 shares in the company, valued at approximately C$757,969,863.58. Insiders purchased 1,365,800 shares of company stock valued at $7,792,941 over the last quarter.

About StorageVault Canada

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StorageVault Canada Inc owns, manages, and rents self-storage and portable storage space in Canada. It operates through three segments: Self Storage, Portable Storage, and Management Division. The company manages 45 stores owned by third parties; and stores, shreds, and manages documents and records for customers.

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