Analysts Set StorageVault Canada Inc. (CVE:SVI) Price Target at C$5.72

Shares of StorageVault Canada Inc. (CVE:SVI) have earned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$5.72.

SVI has been the subject of a number of research reports. CIBC set a C$5.00 target price on shares of StorageVault Canada and gave the company a “negative” rating in a research note on Tuesday, December 17th. 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 research note on Thursday, October 24th. National Bankshares raised their price target on StorageVault Canada from C$5.75 to C$6.00 in a research note on Wednesday, October 9th. Finally, Scotiabank lowered their price target on StorageVault Canada from C$5.75 to C$5.50 in a research note on Friday, October 25th.

StorageVault Canada Stock Performance

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

Insider Activity

In other news, insider StorageVault Canada Inc. bought 25,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were purchased at an average price of C$3.92 per share, for a total transaction of C$97,930.00. In the last quarter, insiders have purchased 51,100 shares of company stock valued at $204,978.

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.