StorageVault Canada (CVE:SVI) PT Lowered to C$6.00

StorageVault Canada (CVE:SVI) had its price target lowered by TD Securities from C$6.50 to C$6.00 in a research note issued on Thursday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential downside of 6.54% from the stock’s current price.

A number of other research firms have also commented on SVI. Raymond James lifted their price target on shares of StorageVault Canada from C$5.75 to C$6.00 and gave the company a “market perform” rating in a research report on Tuesday, January 30th. National Bankshares dropped their price target on shares of StorageVault Canada from C$6.00 to C$5.75 and set a “sector perform” rating on the stock in a research report on Wednesday. Royal Bank of Canada lifted their price target on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. Finally, Desjardins lifted their price target on shares of StorageVault Canada from C$5.75 to C$6.25 and gave the company a “buy” rating in a research report on Friday, February 23rd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$6.06.

StorageVault Canada Stock Performance

CVE:SVI opened at C$6.42 on Thursday. StorageVault Canada has a 12 month low of C$3.68 and a 12 month high of C$7.39. The firm has a market cap of C$2.43 billion and a price-to-earnings ratio of -71.33. The company has a quick ratio of 2.53, a current ratio of 3.04 and a debt-to-equity ratio of 687.87. The company’s 50 day moving average is C$6.42 and its 200-day moving average is C$6.42.

Insider Buying and Selling

In related news, insider StorageVault Canada Inc. bought 19,200 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were acquired at an average price of C$5.17 per share, with a total value of C$99,179.52.

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.