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

Shares of StorageVault Canada Inc. (CVE:SVI) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$5.81.

Several research analysts have recently weighed in on the stock. 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. Cormark reduced their target price on StorageVault Canada from C$6.25 to C$5.50 in a report on Friday, July 26th. TD Securities increased their price objective on shares of StorageVault Canada from C$6.00 to C$6.50 in a research report on Wednesday, September 4th. Raymond James dropped their target price on StorageVault Canada from C$5.75 to C$5.25 and set a “market perform” rating for the company in a report on Thursday, October 24th. Finally, National Bankshares increased their price objective on shares of StorageVault Canada from C$5.75 to C$6.00 in a research report on Wednesday, October 9th.

StorageVault Canada Price Performance

CVE:SVI opened at C$6.42 on Friday. StorageVault Canada has a fifty-two week low of C$3.68 and a fifty-two week high of C$7.39. The firm has a market cap of C$2.43 billion and a P/E ratio of -71.33. The firm has a 50-day simple moving average of C$6.42 and a two-hundred 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.

Insiders Place Their Bets

In other news, Director Jay Lynne Fleming sold 75,500 shares of the stock in a transaction dated 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 acquired 30,000 shares of StorageVault Canada stock in a transaction that occurred on Monday, September 9th. The shares were bought 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.