StorageVault Canada Inc. (CVE:SVI) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of StorageVault Canada Inc. (CVE:SVI) have been given a consensus recommendation of “Moderate Buy” by the seven analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$5.72.

A number of equities research analysts recently weighed in on SVI shares. CIBC set a C$5.00 price target on shares of StorageVault Canada and gave the company a “negative” rating in a research report on Tuesday, December 17th. National Bankshares lifted their target price on StorageVault Canada from C$5.75 to C$6.00 in a research note on Wednesday, October 9th. Scotiabank reduced their price target on StorageVault Canada from C$5.75 to C$5.50 in a report on Friday, October 25th. Finally, Raymond James cut their price target on shares of 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.

StorageVault Canada Stock Performance

Shares of StorageVault Canada stock opened at C$6.42 on Monday. The company has a quick ratio of 2.53, a current ratio of 3.04 and a debt-to-equity ratio of 687.87. StorageVault Canada has a 52 week low of C$3.68 and a 52 week high of C$7.39. The firm’s 50 day moving average is C$6.42 and its two-hundred day moving average is C$6.42. The firm has a market capitalization of C$2.43 billion and a P/E ratio of -71.33.

Insiders Place Their Bets

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

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.