StorageVault Canada (CVE:SVI) Price Target Cut to C$5.75

StorageVault Canada (CVE:SVI) had its price target cut by equities researchers at Raymond James from C$6.25 to C$5.75 in a research note issued to investors on Friday, BayStreet.CA reports. The firm currently has a “market perform” rating on the stock. Raymond James’ price objective would suggest a potential downside of 10.44% from the company’s current price.

Several other equities analysts also recently weighed in on the company. TD Securities dropped their target price on StorageVault Canada from C$6.50 to C$6.00 and set a “buy” rating for the company in a research report on Thursday. Royal Bank of Canada lifted their price objective on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the company an “outperform” rating in a report on Tuesday, February 27th. Scotiabank reduced their target price on shares of StorageVault Canada from C$6.50 to C$6.25 and set an “outperform” rating on the stock in a report on Friday. National Bankshares dropped their price target on shares of StorageVault Canada from C$6.00 to C$5.75 and set a “sector perform” rating for the company in a research note on Wednesday. Finally, Desjardins cut their price objective 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. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$6.06.

StorageVault Canada Price Performance

SVI stock opened at C$6.42 on Friday. The business’s fifty day moving average price is C$6.42 and its 200 day moving average price is C$6.42. StorageVault Canada has a 12-month low of C$3.68 and a 12-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 company has a market capitalization of C$2.43 billion and a PE ratio of -71.33.

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 stock was purchased at an average cost of C$5.17 per share, with a total value of C$99,179.52.

About StorageVault Canada

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.