StorageVault Canada (TSE:SVI) Given a C$5.50 Price Target by Royal Bank of Canada Analysts

StorageVault Canada (TSE:SVI) has been given a C$5.50 price target by analysts at Royal Bank of Canada in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 47.45% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Scotiabank decreased their target price on shares of StorageVault Canada from C$5.50 to C$5.25 in a report on Thursday, January 30th. CIBC decreased their target price on shares of StorageVault Canada from C$4.75 to C$4.25 in a report on Friday, April 25th. Canaccord Genuity Group raised shares of StorageVault Canada from a “hold” rating to a “buy” rating and decreased their target price for the company from C$5.00 to C$4.50 in a report on Monday, February 24th. Raymond James raised their target price on shares of StorageVault Canada from C$4.70 to C$4.75 and gave the company an “outperform” rating in a report on Thursday, April 24th. Finally, Desjardins decreased their target price on shares of StorageVault Canada from C$4.75 to C$4.25 and set a “hold” rating on the stock in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$5.17.

StorageVault Canada Stock Performance

TSE:SVI opened at C$3.73 on Wednesday. StorageVault Canada has a 52 week low of C$3.53 and a 52 week high of C$5.26. The firm has a market cap of C$1.37 billion, a price-to-earnings ratio of -27.15 and a beta of 0.89. The firm’s 50-day simple moving average is C$3.80 and its 200 day simple moving average is C$3.89.

Insider Activity

In related news, Director Benjamin Harris sold 30,000 shares of StorageVault Canada stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of C$3.78, for a total transaction of C$113,439.00. Also, insider StorageVault Canada Inc. bought 25,000 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The shares were acquired at an average price of C$3.95 per share, for a total transaction of C$98,742.50. In the last three months, insiders have purchased 41,600 shares of company stock worth $162,890. Corporate insiders own 38.49% of the company’s stock.

StorageVault Canada Company Profile

StorageVault Canada Inc is engaged in the business of owning, operating, and leasing storage to individual and commercial customers across Canada. The company operates through three segments. Its Self Storage segment consists of renting space at the company’s property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations.