Royal Bank of Canada Lowers StorageVault Canada (CVE:SVI) Price Target to C$6.00

StorageVault Canada (CVE:SVI) had its price target reduced by research analysts at Royal Bank of Canada from C$6.25 to C$6.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential downside of 6.54% from the stock’s current price.

Several other research analysts have also weighed in on SVI. National Bankshares lowered their price objective on shares of StorageVault Canada from C$6.00 to C$5.75 and set a “sector perform” rating on the stock in a research note on Wednesday. Desjardins lowered their price target on StorageVault Canada from C$6.25 to C$6.00 and set a “buy” rating on the stock in a research report on Friday. Scotiabank dropped their price objective on StorageVault Canada from C$6.50 to C$6.25 and set an “outperform” rating on the stock in a research note on Friday. Raymond James reduced their target price on StorageVault Canada from C$6.25 to C$5.75 and set a “market perform” rating for the company in a research note on Friday. Finally, TD Securities decreased their target price on StorageVault Canada from C$6.50 to C$6.00 and set a “buy” rating on the stock in a report on Thursday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$6.06.

StorageVault Canada Stock Performance

CVE SVI opened at C$6.42 on Friday. The firm has a market capitalization of C$2.43 billion and a P/E ratio of -71.33. 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 firm’s fifty day moving average price is C$6.42 and its two-hundred day moving average price is C$6.42. StorageVault Canada has a 1 year low of C$3.68 and a 1 year high of C$7.39.

Insider Transactions at StorageVault Canada

In other StorageVault Canada news, insider StorageVault Canada Inc. purchased 19,200 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were acquired at an average cost of C$5.17 per share, with a total value of C$99,179.52.

StorageVault Canada Company Profile

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.