Raymond James Lowers StorageVault Canada (TSE:SVI) Price Target to C$4.70

StorageVault Canada (TSE:SVI) had its price objective dropped by analysts at Raymond James from C$5.25 to C$4.70 in a report issued on Monday,BayStreet.CA reports. Raymond James’ price objective suggests a potential upside of 18.69% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Desjardins downgraded StorageVault Canada from a “moderate buy” rating to a “hold” rating in a research report on Thursday, October 24th. Cibc World Mkts upgraded shares of StorageVault Canada to a “hold” rating in a research note on Tuesday, December 17th. National Bankshares upped their target price on shares of StorageVault Canada from C$5.75 to C$6.00 in a research note on Wednesday, October 9th. CIBC set a C$5.00 price target on shares of StorageVault Canada and gave the company a “negative” rating in a report on Tuesday, December 17th. Finally, Scotiabank dropped their price objective on shares of StorageVault Canada from C$5.75 to C$5.50 in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$5.65.

StorageVault Canada Price Performance

Shares of StorageVault Canada stock opened at C$3.96 on Monday. StorageVault Canada has a 12-month low of C$3.82 and a 12-month high of C$5.48. The stock has a 50 day moving average price of C$4.01 and a two-hundred day moving average price of C$4.47. The stock has a market capitalization of C$1.48 billion, a P/E ratio of -49.50 and a beta of 0.89.

StorageVault Canada (TSE:SVI) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported C($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.06 by C($0.08). StorageVault Canada had a negative return on equity of 14.77% and a negative net margin of 9.49%. The firm had revenue of C$78.96 million for the quarter.

Insider Activity at StorageVault Canada

In related news, insider StorageVault Canada Inc. purchased 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were acquired at an average price of C$3.92 per share, with a total value of C$97,930.00. Insiders have acquired a total of 51,100 shares of company stock valued at $204,978 over the last quarter. 38.49% of the stock is owned by company insiders.

StorageVault Canada Company Profile

StorageVault Canada Inc is engaged in the business of owning, operating, and leasing storage to individual and commercial customers across Canada. The company operates through three segments. Its Self Storage segment consists of renting space at the company’s property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations.