StorageVault Canada Inc. (CVE:SVI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of StorageVault Canada Inc. (CVE:SVI) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$5.81.

SVI has been the topic of several research reports. Scotiabank lowered their price objective on shares of StorageVault Canada from C$5.75 to C$5.50 in a report on Friday, October 25th. Cormark dropped their price target on shares of StorageVault Canada from C$6.25 to C$5.50 in a research report on Friday, July 26th. National Bankshares boosted their price objective on StorageVault Canada from C$5.75 to C$6.00 in a report on Wednesday, October 9th. TD Securities raised their target price on StorageVault Canada from C$6.00 to C$6.50 in a report on Wednesday, September 4th. Finally, Raymond James decreased their price target 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.

StorageVault Canada Stock Performance

CVE SVI opened at C$6.42 on Friday. The stock has a market capitalization of C$2.43 billion and a P/E ratio of -71.33. The business has a 50 day simple moving average of C$6.42 and a 200 day simple moving average of C$6.42. The company has a debt-to-equity ratio of 687.87, a current ratio of 3.04 and a quick ratio of 2.53. StorageVault Canada has a one year low of C$3.68 and a one year high of C$7.39.

Insider Buying and Selling

In other StorageVault Canada news, Director Benjamin Harris bought 30,000 shares of StorageVault Canada stock in a transaction dated Monday, September 9th. The shares were purchased at an average cost of C$4.94 per share, with a total value of C$148,260.00. Also, insider StorageVault Canada Inc. bought 23,000 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were bought at an average cost of C$4.11 per share, for a total transaction of C$94,500.10.

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.