Analysts Set StorageVault Canada Inc. (CVE:SVI) Price Target at C$6.06

StorageVault Canada Inc. (CVE:SVI) has been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$6.06.

SVI has been the topic of a number of recent research reports. Raymond James lowered their target price on StorageVault Canada from C$6.25 to C$5.75 and set a “market perform” rating on the stock in a research note on Friday, April 26th. National Bankshares dropped 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 research note on Wednesday, April 24th. Royal Bank of Canada dropped their price objective on shares of StorageVault Canada from C$6.25 to C$6.00 and set an “outperform” rating for the company in a report on Friday, April 26th. TD Securities reduced their price target on shares of StorageVault Canada from C$6.50 to C$6.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Finally, Desjardins reduced their price objective on shares of StorageVault Canada from C$6.25 to C$6.00 and set a “buy” rating on the stock in a report on Friday, April 26th.

Insider Transactions at StorageVault Canada

In other news, insider StorageVault Canada Inc. bought 19,200 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were purchased at an average price of C$5.17 per share, for a total transaction of C$99,179.52.

StorageVault Canada Price Performance

CVE:SVI opened at C$6.42 on Wednesday. The company’s 50 day moving average is C$6.42 and its two-hundred day moving average is C$6.42. 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 cap 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.

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.