StorageVault Canada Inc. (CVE:SVI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of StorageVault Canada Inc. (CVE:SVI) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$5.88.

Several research analysts recently issued reports on the stock. National Bankshares raised shares of StorageVault Canada from a “sector perform” rating to an “outperform” rating and set a C$5.75 price target for the company in a report on Thursday, July 18th. Cormark cut their price target on shares of StorageVault Canada from C$6.25 to C$5.50 in a report on Friday, July 26th. TD Securities increased their price target on shares of StorageVault Canada from C$6.00 to C$6.50 in a report on Wednesday, September 4th. Finally, Scotiabank lowered their target price on shares of StorageVault Canada from C$6.25 to C$5.75 in a research report on Friday, July 26th.

StorageVault Canada Price Performance

Shares of CVE:SVI opened at C$6.42 on Friday. The stock has a market capitalization of C$2.43 billion and a price-to-earnings ratio of -71.33. StorageVault Canada has a one year low of C$3.68 and a one year high of C$7.39. The company has a 50-day simple moving average of C$6.42 and a 200-day simple moving average of C$6.42. 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, Director Jay Lynne Fleming sold 75,500 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of C$5.00, for a total value of C$377,500.00. In other news, Director Jay Lynne Fleming sold 75,500 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of C$5.00, for a total value of C$377,500.00. Also, Director Benjamin Harris bought 30,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were purchased at an average price of C$4.94 per share, for a total transaction of C$148,260.00.

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.