StorageVault Canada Inc. (CVE:SVI) Receives C$5.81 Average Target Price from Analysts

StorageVault Canada Inc. (CVE:SVI) has earned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$5.81.

Several research analysts have recently weighed in on the stock. TD Securities increased their price objective on shares of StorageVault Canada from C$6.00 to C$6.50 in a report on Wednesday, September 4th. Raymond James dropped their price target on shares of StorageVault Canada from C$5.75 to C$5.25 and set a “market perform” rating for the company in a research report on Thursday, October 24th. National Bankshares lifted their price target on shares of StorageVault Canada from C$5.75 to C$6.00 in a report on Wednesday, October 9th. Finally, Scotiabank lowered their price objective on shares of StorageVault Canada from C$5.75 to C$5.50 in a research note on Friday, October 25th.

Insider Buying and Selling at StorageVault Canada

In related news, insider StorageVault Canada Inc. purchased 23,000 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average cost of C$4.11 per share, for a total transaction of C$94,500.10.

StorageVault Canada Stock Performance

CVE SVI opened at C$6.42 on Thursday. The business’s 50-day moving average price is C$6.42 and its 200 day moving average price is C$6.42. The company has a current ratio of 3.04, a quick ratio of 2.53 and a debt-to-equity ratio of 687.87. StorageVault Canada has a twelve month low of C$3.68 and a twelve month high of C$7.39. The company has a market capitalization of C$2.43 billion and a PE 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.