StorageVault Canada (CVE:SVI) Given New C$5.75 Price Target at Raymond James

StorageVault Canada (CVE:SVI) had its price target reduced by equities research analysts at Raymond James from C$6.25 to C$5.75 in a research report issued on Friday, BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. Raymond James’ price target indicates a potential downside of 10.44% from the company’s current price.

A number of other analysts have also issued reports on the company. Desjardins dropped their target price on StorageVault Canada from C$6.25 to C$6.00 and set a “buy” rating on the stock in a research report on Friday. TD Securities cut their target price on StorageVault Canada from C$6.50 to C$6.00 and set a “buy” rating on the stock in a research report on Thursday. Scotiabank reduced their target price on StorageVault Canada from C$6.50 to C$6.25 and set an “outperform” rating for the company in a research note on Friday. Royal Bank of Canada lifted their price target on shares of 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 reduced their price objective 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 note on Wednesday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$6.06.

StorageVault Canada Price Performance

Shares of StorageVault Canada stock opened at C$6.42 on Friday. The company has a fifty day moving average price of C$6.42 and a 200 day moving average price of C$6.42. The company has a current ratio of 3.04, a quick ratio of 2.53 and a debt-to-equity ratio of 687.87. StorageVault Canada has a twelve month low of C$3.68 and a twelve month 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 Activity

In other StorageVault Canada news, insider StorageVault Canada Inc. acquired 19,200 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was 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.