TD Securities Boosts StorageVault Canada (CVE:SVI) Price Target to C$8.00

StorageVault Canada (CVE:SVI – Get Rating) had its price target upped by equities researchers at TD Securities from C$7.50 to C$8.00 in a note issued to investors on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 24.61% from the company’s previous close.

Several other research firms also recently weighed in on SVI. Raymond James set a C$7.75 price target on StorageVault Canada and gave the stock an “outperform” rating in a research note on Thursday, May 5th. Royal Bank of Canada set a C$8.00 price target on StorageVault Canada and gave the stock an “outperform” rating in a research note on Saturday, June 25th. National Bankshares decreased their price objective on StorageVault Canada from C$8.00 to C$7.00 and set an “outperform” rating on the stock in a report on Wednesday, July 20th. Finally, CIBC decreased their price objective on StorageVault Canada from C$8.00 to C$7.00 in a report on Monday, June 27th.

StorageVault Canada Stock Performance

SVI stock opened at C$6.42 on Friday. StorageVault Canada has a 1-year low of C$3.68 and a 1-year high of C$7.39. The company has a debt-to-equity ratio of 687.87, a current ratio of 3.04 and a quick ratio of 2.53. The company has a market capitalization of C$2.43 billion and a price-to-earnings ratio of -71.33. The business has a 50 day simple moving average of C$6.42 and a two-hundred day simple moving average of C$6.44.

Insider Transactions at StorageVault Canada

In other news, insider StorageVault Canada Inc. acquired 38,900 shares of the firm’s stock in a transaction dated Friday, June 17th. The shares were acquired at an average cost of C$5.42 per share, with a total value of C$210,697.96. Following the acquisition, the insider now directly owns 100,900 shares of the company’s stock, valued at C$546,514.76. In related news, insider StorageVault Canada Inc. purchased 38,900 shares of the firm’s stock in a transaction that occurred on Friday, June 17th. The shares were bought at an average price of C$5.42 per share, for a total transaction of C$210,697.96. Following the acquisition, the insider now owns 100,900 shares of the company’s stock, valued at approximately C$546,514.76. Also, insider Access Self Storage Inc. purchased 658,000 shares of the firm’s stock in a transaction that occurred on Friday, June 10th. The shares were bought at an average price of C$5.74 per share, for a total transaction of C$3,775,340.80. Following the acquisition, the insider now directly owns 134,132,954 shares in the company, valued at approximately C$769,601,236.87. Insiders have bought 1,365,800 shares of company stock valued at $7,792,941 in the last ninety days.

About StorageVault Canada

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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.