StorageVault Canada (CVE:SVI) PT Set at C$5.00 by CIBC

StorageVault Canada (CVE:SVI) received a C$5.00 price objective from analysts at CIBC in a research report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “negative” rating on the stock. CIBC’s price objective would suggest a potential downside of 22.12% from the company’s previous close.

SVI has been the topic of a number of other reports. Scotiabank cut their price target on shares of StorageVault Canada from C$5.75 to C$5.50 in a report on Friday, October 25th. National Bankshares lifted their target price on StorageVault Canada from C$5.75 to C$6.00 in a research report on Wednesday, October 9th. TD Securities raised their price target on StorageVault Canada from C$6.00 to C$6.50 in a research note on Wednesday, September 4th. Finally, Raymond James cut their target price on shares of StorageVault Canada from C$5.75 to C$5.25 and set a “market perform” rating on the stock in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$5.72.

StorageVault Canada Stock Performance

SVI opened at C$6.42 on Tuesday. The company has a debt-to-equity ratio of 687.87, a quick ratio of 2.53 and a current ratio of 3.04. The stock’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 one year low of C$3.68 and a one year high of C$7.39. The stock has a market cap of C$2.43 billion and a price-to-earnings ratio of -71.33.

Insider Buying and Selling

In related news, insider StorageVault Canada Inc. acquired 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average cost of C$3.92 per share, with a total value of C$97,930.00. Insiders bought a total of 51,100 shares of company stock worth $204,978 in the last 90 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.