Analysts Set StorageVault Canada Inc. (CVE:SVI) Target Price at C$6.06

Shares of StorageVault Canada Inc. (CVE:SVI) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$6.06.

Several brokerages have recently weighed in on SVI. National Bankshares lowered 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, April 24th. Raymond James lowered their target price on shares of StorageVault Canada from C$6.25 to C$5.75 and set a “market perform” rating for the company in a research note on Friday, April 26th. Desjardins decreased their price objective on shares of StorageVault Canada from C$6.25 to C$6.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Scotiabank decreased their target price on StorageVault Canada from C$6.50 to C$6.25 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Finally, TD Securities cut their price objective 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, April 25th.

Insider Transactions at StorageVault Canada

In other news, insider StorageVault Canada Inc. purchased 19,200 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was acquired at an average cost of C$5.17 per share, with a total value of C$99,179.52.

StorageVault Canada Price Performance

Shares of SVI opened at C$6.42 on Wednesday. StorageVault Canada has a one year low of C$3.68 and a one year high of C$7.39. The company has a debt-to-equity ratio of 687.87, a quick ratio of 2.53 and a current ratio of 3.04. The stock has a 50 day moving average price of C$6.42 and a 200 day moving average price of C$6.42. The stock has a market capitalization of C$2.43 billion and a price-to-earnings ratio of -71.33.

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.