StorageVault Canada Inc. (CVE:SVI) Receives Consensus Rating of “Moderate Buy” from Analysts

StorageVault Canada Inc. (CVE:SVI) has received an average rating of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$5.81.

Several research firms have recently weighed in on SVI. Cormark cut their price objective on StorageVault Canada from C$6.25 to C$5.50 in a report on Friday, July 26th. Scotiabank cut their price target on shares of StorageVault Canada from C$5.75 to C$5.50 in a research note on Friday. Raymond James lowered their price objective on shares of StorageVault Canada from C$5.75 to C$5.25 and set a “market perform” rating for the company in a research report on Thursday. TD Securities raised their price objective on shares of StorageVault Canada from C$6.00 to C$6.50 in a report on Wednesday, September 4th. Finally, National Bankshares upped their target price on shares of StorageVault Canada from C$5.75 to C$6.00 in a research note on Wednesday, October 9th.

Insider Transactions at StorageVault Canada

In other StorageVault Canada news, Director Benjamin Harris bought 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. In related news, Director Benjamin Harris bought 30,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were acquired 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 stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of C$5.00, for a total value of C$377,500.00.

StorageVault Canada Price Performance

CVE:SVI opened at C$6.42 on Wednesday. StorageVault Canada has a 1 year low of C$3.68 and a 1 year high of C$7.39. 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 cap of C$2.43 billion and a price-to-earnings ratio of -71.33. 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.

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.