StorageVault Canada (TSE:SVI) Upgraded by Canaccord Genuity Group to “Buy” Rating

Canaccord Genuity Group upgraded shares of StorageVault Canada (TSE:SVI) from a hold rating to a buy rating in a report released on Monday, Marketbeat.com reports. They currently have C$4.50 price objective on the stock, down from their previous price objective of C$5.00.

Other research analysts have also recently issued research reports about the company. Cibc World Mkts upgraded StorageVault Canada to a “hold” rating in a research note on Tuesday, December 17th. Raymond James upgraded StorageVault Canada from a “hold” rating to a “moderate buy” rating in a research note on Friday, February 21st. Scotiabank decreased their price target on StorageVault Canada from C$5.50 to C$5.25 in a research note on Thursday, January 30th. Finally, CIBC decreased their price target on StorageVault Canada from C$5.00 to C$4.75 in a research note on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$5.47.

StorageVault Canada Price Performance

SVI stock opened at C$3.99 on Monday. StorageVault Canada has a 1-year low of C$3.55 and a 1-year high of C$5.48. The business has a fifty day moving average price of C$3.87 and a 200-day moving average price of C$4.28. The stock has a market capitalization of C$1.47 billion, a P/E ratio of -29.04 and a beta of 0.89.

Insider Buying and Selling

In other StorageVault Canada news, insider StorageVault Canada Inc. acquired 50,000 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was purchased at an average price of C$3.95 per share, with a total value of C$197,440.00. Insiders bought 58,100 shares of company stock valued at $229,868 over the last 90 days. Company insiders own 38.49% of the company’s stock.

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.