TD Securities Cuts StorageVault Canada (CVE:SVI) Price Target to C$6.00

StorageVault Canada (CVE:SVI) had its price objective lowered by TD Securities from C$6.50 to C$6.00 in a research report released on Thursday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

SVI has been the topic of several other reports. Raymond James raised their price target on StorageVault Canada from C$5.75 to C$6.00 and gave the company a market perform rating in a research report on Tuesday, January 30th. National Bankshares lowered their target price on StorageVault Canada from C$6.00 to C$5.75 and set a sector perform rating on the stock in a report on Wednesday. Royal Bank of Canada boosted their target price on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the stock an outperform rating in a research report on Tuesday, February 27th. Finally, Desjardins lifted their target price on StorageVault Canada from C$5.75 to C$6.25 and gave the stock a buy rating in a research report on Friday, February 23rd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of C$6.06.

StorageVault Canada Stock Performance

CVE:SVI opened at C$6.42 on Thursday. The firm 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 company has a quick ratio of 2.53, a current ratio of 3.04 and a debt-to-equity ratio of 687.87. The company’s 50 day moving average is C$6.42 and its 200-day moving average is C$6.42.

Insider Buying and Selling

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

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.