StorageVault Canada (TSE:SVI) Price Target Raised to C$6.00

StorageVault Canada (TSE:SVI) had its target price upped by Desjardins from C$5.00 to C$6.00 in a research report released on Friday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock. Desjardins also issued estimates for StorageVault Canada’s FY2027 earnings at $0.30 EPS.

A number of other research analysts have also weighed in on the stock. Raymond James Financial raised their price target on shares of StorageVault Canada from C$5.50 to C$5.75 and gave the company an “outperform” rating in a research report on Friday. CIBC raised their price target on shares of StorageVault Canada from C$4.75 to C$5.50 and gave the company a “neutral” rating in a research report on Friday. Royal Bank Of Canada raised their price target on shares of StorageVault Canada from C$5.75 to C$6.00 and gave the company an “outperform” rating in a research report on Friday. National Bankshares raised their price target on shares of StorageVault Canada from C$5.00 to C$6.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Finally, Scotiabank raised their price target on shares of StorageVault Canada from C$5.00 to C$5.50 and gave the company an “outperform” rating in a research report on Tuesday, July 29th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$5.81.

StorageVault Canada Trading Up 1.2%

StorageVault Canada stock opened at C$5.01 on Friday. The firm’s fifty day moving average price is C$4.86 and its two-hundred day moving average price is C$4.36. StorageVault Canada has a 1-year low of C$3.53 and a 1-year high of C$5.23. The firm has a market capitalization of C$1.83 billion, a price-to-earnings ratio of -501.00 and a beta of 0.82.

Insider Buying and Selling

In other StorageVault Canada news, Director Alan Arthur Simpson sold 134,700 shares of StorageVault Canada stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of C$4.70, for a total value of C$633,090.00. Following the sale, the director owned 381,305 shares of the company’s stock, valued at approximately C$1,792,133.50. The trade was a 26.10% decrease in their ownership of the stock. Insiders have sold a total of 467,900 shares of company stock valued at $2,204,719 over the last 90 days. 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.