StorageVault Canada Inc. (CVE:SVI) Receives C$5.91 Average Price Target from Analysts

Shares of StorageVault Canada Inc. (CVE:SVI) have been given an average rating of “Moderate Buy” by the seven analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$5.81.

SVI has been the subject of several recent analyst reports. Cormark decreased their price objective on shares of StorageVault Canada from C$6.25 to C$5.50 in a report on Friday, July 26th. Raymond James decreased their price target on shares of StorageVault Canada from C$5.75 to C$5.25 and set a “market perform” rating for the company in a report on Thursday. Scotiabank lowered their price target on StorageVault Canada from C$5.75 to C$5.50 in a research report on Friday. TD Securities boosted their price objective on StorageVault Canada from C$6.00 to C$6.50 in a research report on Wednesday, September 4th. Finally, National Bankshares increased their target price on StorageVault Canada from C$5.75 to C$6.00 in a research note on Wednesday, October 9th.

StorageVault Canada Price Performance

Shares of StorageVault Canada stock opened at C$6.42 on Wednesday. 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 stock has a 50 day moving average price of C$6.42 and a two-hundred day moving average price of C$6.42. The stock has a market capitalization of C$2.43 billion and a P/E ratio of -71.33.

Insider Buying and Selling

In other news, Director Benjamin Harris acquired 30,000 shares of the firm’s stock in a transaction dated 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. In other news, Director Jay Lynne Fleming sold 75,500 shares of StorageVault Canada stock in a transaction dated Friday, September 6th. The shares were sold at an average price of C$5.00, for a total transaction of C$377,500.00. Also, Director Benjamin Harris bought 30,000 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was acquired at an average cost 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.