Scotiabank Lowers StorageVault Canada (CVE:SVI) Price Target to C$6.25

StorageVault Canada (CVE:SVI) had its target price cut by investment analysts at Scotiabank from C$6.50 to C$6.25 in a research note issued on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s target price suggests a potential downside of 2.65% from the company’s previous close.

Several other research analysts also recently weighed in on SVI. TD Securities cut their target price on shares of StorageVault Canada from C$6.50 to C$6.00 and set a “buy” rating for the company in a research note on Thursday. Desjardins upped their price objective on shares of StorageVault Canada from C$5.75 to C$6.25 and gave the company a “buy” rating in a research note on Friday, February 23rd. Raymond James lifted their target price on shares of StorageVault Canada from C$5.75 to C$6.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 30th. Royal Bank of Canada increased their price target on StorageVault Canada from C$6.00 to C$6.25 and gave the stock an “outperform” rating in a research note on Tuesday, February 27th. Finally, National Bankshares lowered their price objective on StorageVault Canada from C$6.00 to C$5.75 and set a “sector perform” rating for the company in a research report on Wednesday. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, StorageVault Canada has an average rating of “Moderate Buy” and an average price target of C$6.06.

StorageVault Canada Stock Performance

CVE SVI opened at C$6.42 on Friday. 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 fifty-two week low of C$3.68 and a fifty-two week high of C$7.39. The business has a fifty day moving average of C$6.42 and a 200-day moving average of C$6.42. The stock has a market cap of C$2.43 billion and a price-to-earnings ratio of -71.33.

Insider Buying and Selling at StorageVault Canada

In other StorageVault Canada news, insider StorageVault Canada Inc. purchased 19,200 shares of the stock in a transaction dated Thursday, March 28th. The shares were bought at an average cost 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.