Brokerages Set StorageVault Canada Inc. (CVE:SVI) Target Price at C$5.88

StorageVault Canada Inc. (CVE:SVI) has earned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$5.88.

A number of equities analysts recently commented on SVI shares. Cormark decreased their price objective on shares of StorageVault Canada from C$6.25 to C$5.50 in a research note on Friday, July 26th. Scotiabank lowered their price target on StorageVault Canada from C$6.25 to C$5.75 in a report on Friday, July 26th. National Bankshares raised StorageVault Canada from a “sector perform” rating to an “outperform” rating and set a C$5.75 price target on the stock in a research report on Thursday, July 18th. Finally, TD Securities raised their price objective on StorageVault Canada from C$6.00 to C$6.50 in a research report on Wednesday, September 4th.

Insider Activity at StorageVault Canada

In related news, Director Jay Lynne Fleming sold 75,500 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of C$5.00, for a total value of C$377,500.00. In other news, Director Jay Lynne Fleming sold 75,500 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of C$5.00, for a total transaction of C$377,500.00. Also, Director Benjamin Harris acquired 30,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was acquired at an average price of C$4.94 per share, with a total value of C$148,260.00.

StorageVault Canada Stock Performance

Shares of SVI opened at C$6.42 on Friday. The business’s 50-day moving average price is C$6.42 and its 200 day moving average price 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 stock has a market capitalization of C$2.43 billion and a P/E ratio of -71.33. StorageVault Canada has a 1-year low of C$3.68 and a 1-year 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.