StorageVault Canada (CVE:SVI) Price Target Cut to C$5.75

StorageVault Canada (CVE:SVI) had its price objective dropped by stock analysts at National Bankshares from C$6.00 to C$5.75 in a report issued on Wednesday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ price objective would suggest a potential downside of 10.44% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Raymond James lifted their price target 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. Desjardins lifted their target price on shares of StorageVault Canada from C$5.75 to C$6.25 and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, Royal Bank of Canada lifted their target price on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the company an “outperform” rating in a research note on Tuesday, February 27th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, StorageVault Canada currently has a consensus rating of “Moderate Buy” and a consensus target price of C$6.25.

StorageVault Canada Stock Performance

Shares of StorageVault Canada stock opened at C$6.42 on Wednesday. The company’s fifty day simple moving average is C$6.42 and its 200-day simple moving average is C$6.42. The stock has a market capitalization of C$2.43 billion and a PE ratio of -71.33. StorageVault Canada has a 1-year low of C$3.68 and a 1-year high of C$7.39. The company has a debt-to-equity ratio of 687.87, a current ratio of 3.04 and a quick ratio of 2.53.

Insiders Place Their Bets

In related news, insider StorageVault Canada Inc. purchased 19,200 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were acquired 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.