Brokerages Set StorageVault Canada Inc. (CVE:SVI) PT at C$5.81

Shares of StorageVault Canada Inc. (CVE:SVI) have been assigned an average rating of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$5.72.

Several research firms have issued reports on SVI. CIBC set a C$5.00 price objective on shares of StorageVault Canada and gave the company a “negative” rating in a report on Tuesday. National Bankshares raised their price target on shares of StorageVault Canada from C$5.75 to C$6.00 in a research note on Wednesday, October 9th. Scotiabank lowered their price objective on StorageVault Canada from C$5.75 to C$5.50 in a report on Friday, October 25th. Raymond James reduced their target price on StorageVault Canada from C$5.75 to C$5.25 and set a “market perform” rating for the company in a report on Thursday, October 24th. Finally, TD Securities lifted their price target on StorageVault Canada from C$6.00 to C$6.50 in a research note on Wednesday, September 4th.

StorageVault Canada Stock Performance

Shares of CVE:SVI opened at C$6.42 on Thursday. The business’s 50 day moving average price is C$6.42 and its 200-day moving average price is C$6.42. StorageVault Canada has a 1 year low of C$3.68 and a 1 year high of C$7.39. The firm has a market capitalization of C$2.43 billion and a price-to-earnings ratio of -71.33. The company has a debt-to-equity ratio of 687.87, a current ratio of 3.04 and a quick ratio of 2.53.

Insider Activity

In other news, insider StorageVault Canada Inc. acquired 25,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average price of C$3.92 per share, with a total value of C$97,930.00. Insiders purchased 51,100 shares of company stock worth $204,978 over the last ninety days.

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.