StorageVault Canada Inc. (CVE:SVI) Receives C$5.72 Average Price Target from Brokerages

Shares of StorageVault Canada Inc. (CVE:SVI) have received a consensus rating of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$5.72.

A number of research analysts recently commented on the company. National Bankshares increased their price target on StorageVault Canada from C$5.75 to C$6.00 in a report on Wednesday, October 9th. CIBC set a C$5.00 target price on StorageVault Canada and gave the stock a “negative” rating in a report on Tuesday, December 17th. Raymond James reduced their target price on StorageVault Canada from C$5.75 to C$5.25 and set a “market perform” rating on the stock in a report on Thursday, October 24th. Finally, Scotiabank reduced their target price on StorageVault Canada from C$5.75 to C$5.50 in a report on Friday, October 25th.

StorageVault Canada Stock Performance

Shares of SVI opened at C$6.42 on Monday. The company has a market capitalization of C$2.43 billion and a P/E ratio of -71.33. 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.

Insider Buying and Selling

In related news, insider StorageVault Canada Inc. purchased 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were acquired at an average price of C$3.92 per share, with a total value of C$97,930.00. In the last 90 days, insiders have purchased 51,100 shares of company stock valued at $204,978.

About StorageVault Canada

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.