Scotiabank Lowers StorageVault Canada (CVE:SVI) Price Target to C$6.25

StorageVault Canada (CVE:SVI) had its price objective dropped by equities researchers at Scotiabank from C$6.50 to C$6.25 in a research note issued on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s target price would suggest a potential downside of 2.65% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Raymond James upped their price objective on StorageVault Canada from C$5.75 to C$6.00 and gave the company a “market perform” rating in a research report on Tuesday, January 30th. National Bankshares decreased their price objective on shares of StorageVault Canada from C$6.00 to C$5.75 and set a “sector perform” rating for the company in a report on Wednesday. Royal Bank of Canada lifted their price target on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the company an “outperform” rating in a research note on Tuesday, February 27th. TD Securities dropped their price objective on StorageVault Canada from C$6.50 to C$6.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Desjardins lifted their target price on StorageVault Canada from C$5.75 to C$6.25 and gave the company a “buy” rating in a research report on Friday, February 23rd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$6.06.

StorageVault Canada Price Performance

Shares of CVE:SVI opened at C$6.42 on Friday. The firm has a market capitalization of C$2.43 billion and a PE ratio of -71.33. The business has a 50 day simple moving average of C$6.42 and a two-hundred day simple moving average of C$6.42. StorageVault Canada has a 1 year low of C$3.68 and a 1 year high of C$7.39. The company has a debt-to-equity ratio of 687.87, a current ratio of 3.04 and a quick ratio of 2.53.

Insiders Place Their Bets

In related news, insider StorageVault Canada Inc. purchased 19,200 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were acquired at an average cost of C$5.17 per share, for a total transaction 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.