StorageVault Canada Inc. (CVE:SVI) Receives C$6.06 Consensus Target Price from Analysts

Shares of StorageVault Canada Inc. (CVE:SVI) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$6.06.

SVI has been the subject of several analyst reports. Raymond James lowered their price objective on StorageVault Canada from C$6.25 to C$5.75 and set a “market perform” rating for the company in a research note on Friday, April 26th. National Bankshares lowered their price target on StorageVault Canada from C$6.00 to C$5.75 and set a “sector perform” rating for the company in a research report on Wednesday, April 24th. Scotiabank cut their price objective on shares of StorageVault Canada from C$6.50 to C$6.25 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Royal Bank of Canada lowered their target price on shares of StorageVault Canada from C$6.25 to C$6.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Finally, TD Securities cut their price target on shares of StorageVault Canada from C$6.50 to C$6.00 and set a “buy” rating on the stock in a report on Thursday, April 25th.

Insiders Place Their Bets

In other news, insider StorageVault Canada Inc. purchased 19,200 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was purchased at an average price of C$5.17 per share, for a total transaction of C$99,179.52.

StorageVault Canada Stock Performance

SVI opened at C$6.42 on Wednesday. The stock has a 50-day moving average of C$6.42 and a 200 day moving average of C$6.42. The company has a current ratio of 3.04, a quick ratio of 2.53 and a debt-to-equity ratio of 687.87. StorageVault Canada has a 12 month low of C$3.68 and a 12 month high of C$7.39. The firm has a market cap of C$2.43 billion and a P/E ratio of -71.33.

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.