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

Shares of StorageVault Canada Inc. (CVE:SVI) have been assigned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$5.91.

SVI has been the subject of several analyst reports. TD Securities boosted their target price on StorageVault Canada from C$6.00 to C$6.50 in a report on Wednesday, September 4th. Cormark reduced their target price on StorageVault Canada from C$6.25 to C$5.50 in a report on Friday, July 26th. Scotiabank reduced their target price on StorageVault Canada from C$6.25 to C$5.75 in a report on Friday, July 26th. Finally, National Bankshares boosted their target price on StorageVault Canada from C$5.75 to C$6.00 in a report on Wednesday, October 9th.

StorageVault Canada Price Performance

Shares of StorageVault Canada stock opened at C$6.42 on Wednesday. The stock 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 company has a debt-to-equity ratio of 687.87, a current ratio of 3.04 and a quick ratio of 2.53. The firm has a market cap of C$2.43 billion and a price-to-earnings ratio of -71.33.

Insiders Place Their Bets

In other StorageVault Canada news, Director Jay Lynne Fleming sold 67,400 shares of StorageVault Canada stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of C$5.00, for a total value of C$337,006.74. In other StorageVault Canada news, Director Jay Lynne Fleming sold 67,400 shares of StorageVault Canada stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of C$5.00, for a total value of C$337,006.74. Also, Director Benjamin Harris purchased 30,000 shares of the company’s stock in a transaction on Monday, September 9th. The stock was acquired at an average cost of C$4.94 per share, for a total transaction of C$148,260.00.

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.