StorageVault Canada Inc. (TSE:SVI) Receives C$5.47 Average PT from Brokerages

StorageVault Canada Inc. (TSE:SVI) has been given an average rating of “Moderate Buy” by the nine research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$5.47.

A number of analysts have weighed in on SVI shares. Scotiabank cut their price target on StorageVault Canada from C$5.50 to C$5.25 in a research note on Thursday, January 30th. Canaccord Genuity Group upgraded StorageVault Canada from a “hold” rating to a “buy” rating and decreased their target price for the stock from C$5.00 to C$4.50 in a research note on Monday. Cibc World Mkts upgraded shares of StorageVault Canada to a “hold” rating in a research note on Tuesday, December 17th. CIBC decreased their target price on StorageVault Canada from C$5.00 to C$4.75 in a research report on Monday. Finally, Raymond James upgraded shares of StorageVault Canada from a “hold” rating to a “moderate buy” rating in a research note on Friday, February 21st.

StorageVault Canada Trading Down 0.5 %

Shares of TSE:SVI opened at C$3.97 on Tuesday. StorageVault Canada has a 52 week low of C$3.55 and a 52 week high of C$5.48. The company’s 50 day moving average is C$3.87 and its two-hundred day moving average is C$4.28. The company has a market cap of C$1.46 billion, a PE ratio of -28.89 and a beta of 0.89.

Insider Buying and Selling at StorageVault Canada

In related news, insider StorageVault Canada Inc. bought 50,000 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were bought at an average cost of C$3.95 per share, for a total transaction of C$197,440.00. 38.49% of the stock is owned by corporate insiders.

About StorageVault Canada

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.