StorageVault Canada Inc. (TSE:SVI) Given Consensus Rating of “Moderate Buy” by Analysts

StorageVault Canada Inc. (TSE:SVI) has received an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$5.62.

A number of equities analysts have commented on the stock. Raymond James dropped their price objective on shares of StorageVault Canada from C$5.25 to C$4.70 in a research note on Monday, January 13th. Desjardins cut shares of StorageVault Canada from a “moderate buy” rating to a “hold” rating in a research note on Thursday, October 24th. Scotiabank dropped their price objective on shares of StorageVault Canada from C$5.50 to C$5.25 in a research note on Thursday, January 30th. Cibc World Mkts raised shares of StorageVault Canada to a “hold” rating in a research note on Tuesday, December 17th. Finally, CIBC set a C$5.00 price objective on shares of StorageVault Canada and gave the stock a “negative” rating in a research note on Tuesday, December 17th.

Insider Buying and Selling

In related news, insider StorageVault Canada Inc. acquired 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was bought at an average price of C$3.92 per share, for a total transaction of C$97,930.00. In the last ninety days, insiders bought 33,100 shares of company stock valued at $130,358. Company insiders own 38.49% of the company’s stock.

StorageVault Canada Stock Performance

SVI opened at C$3.86 on Friday. The stock has a market capitalization of C$1.44 billion, a price-to-earnings ratio of -48.25 and a beta of 0.89. The company has a fifty day moving average of C$3.93 and a 200 day moving average of C$4.37. StorageVault Canada has a fifty-two week low of C$3.55 and a fifty-two week high of C$5.48.

About StorageVault Canada

StorageVault Canada Inc is engaged in the business of owning, operating, and leasing storage to individual and commercial customers across Canada. The company operates through three segments. Its Self Storage segment consists of renting space at the company’s property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations.