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

StorageVault Canada (CVE:SVI) had its price objective decreased by equities research analysts at Desjardins from C$6.25 to C$6.00 in a note issued to investors on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective indicates a potential downside of 6.54% from the stock’s previous close.

Several other research analysts also recently commented on SVI. 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 raised 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 report on Tuesday, February 27th. Scotiabank lowered their price objective on shares of StorageVault Canada from C$6.50 to C$6.25 and set an “outperform” rating for the company in a research note on Friday. National Bankshares dropped their target price on shares of StorageVault Canada from C$6.00 to C$5.75 and set a “sector perform” rating for the company in a report on Wednesday. Finally, TD Securities reduced their price target on StorageVault Canada from C$6.50 to C$6.00 and set a “buy” rating on the stock in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$6.06.

StorageVault Canada Price Performance

SVI opened at C$6.42 on Friday. The company has a debt-to-equity ratio of 687.87, a current ratio of 3.04 and a quick ratio of 2.53. StorageVault Canada has a 1 year low of C$3.68 and a 1 year high of C$7.39. The stock’s 50 day simple moving average is C$6.42 and its 200 day simple moving average is C$6.42. The firm has a market cap of C$2.43 billion and a price-to-earnings ratio of -71.33.

Insider Activity at StorageVault Canada

In other news, insider StorageVault Canada Inc. bought 19,200 shares of StorageVault Canada stock in a transaction on Thursday, March 28th. The shares were purchased at an average price of C$5.17 per share, for a total transaction of C$99,179.52.

StorageVault Canada Company Profile

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.