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

StorageVault Canada (CVE:SVI) had its price objective lowered by Raymond James from C$5.75 to C$5.25 in a research report report published on Thursday morning, BayStreet.CA reports. Raymond James currently has a market perform rating on the stock.

SVI has been the subject of a number of other research reports. National Bankshares raised their price objective on StorageVault Canada from C$5.75 to C$6.00 in a research report on Wednesday, October 9th. Cormark lowered their price objective on StorageVault Canada from C$6.25 to C$5.50 in a research report on Friday, July 26th. Scotiabank lowered their price objective on StorageVault Canada from C$6.25 to C$5.75 in a research report on Friday, July 26th. Finally, TD Securities raised their price objective on StorageVault Canada from C$6.00 to C$6.50 in a research report on Wednesday, September 4th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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 stock has a market capitalization of C$2.43 billion and a PE ratio of -71.33. The stock’s fifty day simple moving average is C$6.42 and its two-hundred day simple moving average is C$6.42. StorageVault Canada has a 12-month low of C$3.68 and a 12-month high of C$7.39.

Insiders Place Their Bets

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