StorageVault Canada (CVE:SVI) Given New C$6.50 Price Target at TD Securities

StorageVault Canada (CVE:SVI) had its target price boosted by TD Securities from C$6.00 to C$6.50 in a report released on Wednesday, BayStreet.CA reports.

SVI has been the subject of a number of other research reports. Cormark cut their target price on shares of StorageVault Canada from C$6.25 to C$5.50 in a research report on Friday, July 26th. National Bankshares upgraded shares of StorageVault Canada from a sector perform rating to an outperform rating and set a C$5.75 target price for the company in a research report on Thursday, July 18th. Finally, Scotiabank cut their target price on shares of StorageVault Canada from C$6.25 to C$5.75 in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, StorageVault Canada has a consensus rating of Moderate Buy and a consensus price target of C$5.88.

StorageVault Canada Price Performance

SVI stock opened at C$6.42 on Wednesday. The company has a current ratio of 3.04, a quick ratio of 2.53 and a debt-to-equity ratio of 687.87. The company’s 50-day moving average price is C$6.42 and its 200 day moving average price is C$6.42. StorageVault Canada has a 52 week low of C$3.68 and a 52 week high of C$7.39. The company has a market cap of C$2.43 billion and a P/E ratio of -71.33.

Insider Activity

In related news, insider StorageVault Canada Inc. acquired 80,000 shares of StorageVault Canada stock in a transaction on Friday, June 21st. The shares were bought at an average price of C$4.60 per share, for a total transaction of C$368,000.00.

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.