Analysts Set StorageVault Canada Inc. (CVE:SVI) Price Target at C$6.06

StorageVault Canada Inc. (CVE:SVI) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$6.06.

Several research firms have weighed in on SVI. Royal Bank of Canada dropped their price target on StorageVault Canada from C$6.25 to C$6.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. Raymond James dropped their price target on StorageVault Canada from C$6.25 to C$5.75 and set a “market perform” rating for the company in a research report on Friday, April 26th. TD Securities dropped their price target on 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 dropped their price target on StorageVault Canada from C$6.25 to C$6.00 and set a “buy” rating for the company in a research report on Friday, April 26th. Finally, National Bankshares dropped their price target on StorageVault Canada from C$6.00 to C$5.75 and set a “sector perform” rating for the company in a research report on Wednesday, April 24th.

Insider Activity

In other StorageVault Canada news, insider StorageVault Canada Inc. acquired 19,200 shares of the stock in a transaction dated Thursday, March 28th. The stock was acquired at an average price of C$5.17 per share, with a total value of C$99,179.52. Insiders acquired a total of 59,200 shares of company stock valued at $283,584 over the last quarter.

StorageVault Canada Stock Performance

CVE SVI opened at C$6.42 on Thursday. StorageVault Canada has a 1-year low of C$3.68 and a 1-year high of C$7.39. The company has a market capitalization of C$2.43 billion and a P/E ratio of -71.33. The business has a 50 day moving average price of C$6.42 and a 200 day moving average price of C$6.42. 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 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.