StorageVault Canada (CVE:SVI – Get Free Report) had its price target dropped by equities researchers at Scotiabank from C$6.25 to C$5.75 in a report released on Friday, BayStreet.CA reports. Scotiabank’s price target would indicate a potential downside of 10.44% from the company’s current price.
SVI has been the subject of several other research reports. TD Securities decreased 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, April 25th. National Bankshares raised StorageVault Canada from a “sector perform” rating to an “outperform” rating and set a C$5.75 target price for the company in a research report on Thursday, July 18th. Raymond James decreased 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 report on Friday, April 26th. Desjardins decreased their target price on StorageVault Canada from C$6.25 to C$6.00 and set a “buy” rating for the company in a research report on Friday, April 26th. Finally, Royal Bank of Canada decreased their target price on StorageVault Canada from C$6.25 to C$6.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$5.81.
Read Our Latest Stock Report on StorageVault Canada
StorageVault Canada Stock Performance
Insider Activity at StorageVault Canada
In related news, insider StorageVault Canada Inc. bought 80,000 shares of the business’s stock in a transaction on Friday, June 21st. The shares were bought at an average cost of C$4.60 per share, for a total transaction of C$368,000.00. Over the last 90 days, insiders bought 120,000 shares of company stock valued at $552,404.
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.
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