StorageVault Canada Inc. (CVE:SVI) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of StorageVault Canada Inc. (CVE:SVI) have been given an average recommendation of “Moderate Buy” by the eight ratings firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$6.06.

A number of research analysts have weighed in on SVI shares. Royal Bank of Canada reduced their target price on StorageVault Canada from C$6.25 to C$6.00 and set an “outperform” rating for the company in a report on Friday, April 26th. TD Securities dropped their target price on shares of StorageVault Canada from C$6.50 to C$6.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Desjardins decreased their price target 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. Raymond James lowered their price objective on shares of StorageVault Canada from C$6.25 to C$5.75 and set a “market perform” rating on the stock in a research report on Friday, April 26th. Finally, Scotiabank cut their target price on shares of StorageVault Canada from C$6.50 to C$6.25 and set an “outperform” rating for the company in a research report on Friday, April 26th.

Insider Buying and Selling at StorageVault Canada

In related news, insider StorageVault Canada Inc. acquired 19,200 shares of the firm’s stock in a transaction dated 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 Price Performance

StorageVault Canada stock opened at C$6.42 on Wednesday. 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 one year low of C$3.68 and a one year high of C$7.39. The firm has a market capitalization of C$2.43 billion and a P/E ratio of -71.33. The business has a fifty day moving average price of C$6.42 and a 200-day moving average price of C$6.42.

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.