Raymond James Cuts StorageVault Canada (CVE:SVI) Price Target to C$5.25

StorageVault Canada (CVE:SVI) had its target price decreased by Raymond James from C$5.75 to C$5.25 in a research report sent to investors on Thursday morning, BayStreet.CA reports. Raymond James currently has a market perform rating on the stock.

Several other analysts have also recently weighed in on the stock. National Bankshares boosted their price objective 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$6.25 to C$5.75 in a research report on Friday, July 26th. TD Securities lifted their price objective on StorageVault Canada from C$6.00 to C$6.50 in a research note on Wednesday, September 4th. Finally, Cormark decreased their target price on shares of StorageVault Canada from C$6.25 to C$5.50 in a research report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$5.81.

StorageVault Canada Price Performance

StorageVault Canada stock opened at C$6.42 on Thursday. The stock has a 50-day moving average price of C$6.42 and a two-hundred day moving average price of C$6.42. StorageVault Canada has a 12 month low of C$3.68 and a 12 month high of C$7.39. The company has a market capitalization of C$2.43 billion and a PE ratio of -71.33. The company has a current ratio of 3.04, a quick ratio of 2.53 and a debt-to-equity ratio of 687.87.

Insider Buying and Selling

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

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.