CIBC Reiterates “C$5.00” Price Target for StorageVault Canada (CVE:SVI)

CIBC set a C$5.00 price target on StorageVault Canada (CVE:SVI) in a report published on Tuesday,BayStreet.CA reports. The brokerage currently has a negative rating on the stock.

A number of other brokerages have also commented on SVI. Scotiabank cut their price objective on shares of StorageVault Canada from C$5.75 to C$5.50 in a research report on Friday, October 25th. Raymond James decreased their price objective on shares of 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. National Bankshares lifted their target price on shares of StorageVault Canada from C$5.75 to C$6.00 in a report on Wednesday, October 9th. Finally, TD Securities upped their target price on StorageVault Canada from C$6.00 to C$6.50 in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$5.72.

StorageVault Canada Price Performance

Shares of SVI stock opened at C$6.42 on Tuesday. StorageVault Canada has a 12-month low of C$3.68 and a 12-month high of C$7.39. 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 firm has a market capitalization of C$2.43 billion and a price-to-earnings ratio of -71.33. The firm has a fifty day moving average of C$6.42 and a 200-day moving average of C$6.42.

Insider Buying and Selling at StorageVault Canada

In related news, insider StorageVault Canada Inc. acquired 25,000 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were acquired at an average cost of C$3.92 per share, for a total transaction of C$97,930.00. Over the last three months, insiders have acquired 51,100 shares of company stock valued at $204,978.

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.