CIBC Cuts StorageVault Canada (TSE:SVI) Price Target to C$4.75

StorageVault Canada (TSE:SVI) had its price target reduced by CIBC from C$5.00 to C$4.75 in a research report report published on Monday morning,BayStreet.CA reports.

A number of other research analysts have also recently issued reports on SVI. Raymond James upgraded StorageVault Canada from a “hold” rating to a “moderate buy” rating in a research report on Friday, February 21st. Scotiabank decreased their target price on StorageVault Canada from C$5.50 to C$5.25 in a research report on Thursday, January 30th. Finally, Cibc World Mkts upgraded StorageVault Canada to a “hold” rating in a report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, StorageVault Canada has a consensus rating of “Moderate Buy” and an average target price of C$5.47.

StorageVault Canada Stock Down 0.2 %

SVI stock opened at C$3.99 on Monday. The company has a market cap of C$1.47 billion, a PE ratio of -29.04 and a beta of 0.89. The business has a 50-day simple moving average of C$3.87 and a 200 day simple moving average of C$4.28. StorageVault Canada has a 52 week low of C$3.55 and a 52 week high of C$5.48.

Insider Buying and Selling at StorageVault Canada

In other StorageVault Canada news, insider StorageVault Canada Inc. purchased 50,000 shares of the company’s stock in a transaction on Friday, January 17th. The shares were purchased at an average cost of C$3.95 per share, with a total value of C$197,440.00. Over the last three months, insiders have acquired 58,100 shares of company stock valued at $229,868. 38.49% of the stock is currently owned by company insiders.

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.