StorageVault Canada (CVE:SVI) Price Target Lowered to C$5.25 at Raymond James

StorageVault Canada (CVE:SVI) had its price objective decreased by investment analysts at Raymond James from C$5.75 to C$5.25 in a research note issued on Thursday, BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. Raymond James’ price objective would indicate a potential downside of 18.22% from the stock’s previous close.

Several other research analysts also recently commented on SVI. TD Securities boosted their target price on StorageVault Canada from C$6.00 to C$6.50 in a research note on Wednesday, September 4th. Cormark lowered their price objective on StorageVault Canada from C$6.25 to C$5.50 in a research note on Friday, July 26th. National Bankshares upped their price objective on StorageVault Canada from C$5.75 to C$6.00 in a research note on Wednesday, October 9th. Finally, Scotiabank lowered their price objective on StorageVault Canada from C$6.25 to C$5.75 in a research note on Friday, July 26th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, StorageVault Canada has an average rating of “Moderate Buy” and an average target price of C$5.81.

StorageVault Canada Price Performance

Shares of CVE SVI opened at C$6.42 on Thursday. The company has a current ratio of 3.04, a quick ratio of 2.53 and a debt-to-equity ratio of 687.87. The company has a market cap of C$2.43 billion and a price-to-earnings ratio of -71.33. StorageVault Canada has a 12 month low of C$3.68 and a 12 month high of C$7.39. The stock has a 50-day moving average price of C$6.42 and a two-hundred day moving average price of C$6.42.

Insider Activity at StorageVault Canada

In related news, Director Jay Lynne Fleming sold 67,400 shares of the company’s 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 related news, Director Jay Lynne Fleming sold 67,400 shares of the company’s 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 bought 30,000 shares of StorageVault Canada stock in a transaction that occurred on Monday, September 9th. The stock was bought at an average price 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.