Analysts Set StorageVault Canada Inc. (CVE:SVI) PT at C$5.91

Shares of StorageVault Canada Inc. (CVE:SVI) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$5.81.

A number of research firms recently issued reports on SVI. Cormark lowered their target price on StorageVault Canada from C$6.25 to C$5.50 in a report on Friday, July 26th. TD Securities lifted their target price on StorageVault Canada from C$6.00 to C$6.50 in a report on Wednesday, September 4th. Scotiabank lowered their target price on StorageVault Canada from C$5.75 to C$5.50 in a report on Friday, October 25th. Raymond James lowered 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, National Bankshares lifted their target price on StorageVault Canada from C$5.75 to C$6.00 in a report on Wednesday, October 9th.

Insider Buying and Selling

In related news, Director Jay Lynne Fleming sold 67,400 shares of StorageVault Canada stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of C$5.00, for a total value of C$337,006.74. In other StorageVault Canada news, Director Benjamin Harris bought 30,000 shares of the stock in a transaction on Monday, September 9th. The shares were bought at an average price of C$4.94 per share, with a total value of C$148,260.00. Also, Director Jay Lynne Fleming sold 67,400 shares of StorageVault Canada stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of C$5.00, for a total value of C$337,006.74.

StorageVault Canada Price Performance

Shares of CVE SVI opened at C$6.42 on Wednesday. StorageVault Canada has a fifty-two week low of C$3.68 and a fifty-two week high of C$7.39. The firm’s 50-day simple moving average is C$6.42 and its 200 day simple moving average is C$6.42. The company has a quick ratio of 2.53, a current ratio of 3.04 and a debt-to-equity ratio of 687.87. The stock has a market cap of C$2.43 billion and a P/E ratio of -71.33.

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.