Scotiabank Issues Pessimistic Forecast for StorageVault Canada (TSE:SVI) Stock Price

StorageVault Canada (TSE:SVI) had its price target reduced by research analysts at Scotiabank from C$5.50 to C$5.25 in a research report issued on Thursday,BayStreet.CA reports. Scotiabank’s price objective points to a potential upside of 43.84% from the company’s previous close.

A number of other research firms have also recently commented on SVI. Cibc World Mkts raised shares of StorageVault Canada to a “hold” rating in a research note on Tuesday, December 17th. Raymond James decreased their target price on shares of StorageVault Canada from C$5.25 to C$4.70 in a report on Monday, January 13th. CIBC set a C$5.00 price objective on shares of StorageVault Canada and gave the company a “negative” rating in a report on Tuesday, December 17th. National Bankshares increased their price target on shares of StorageVault Canada from C$5.75 to C$6.00 in a research report on Wednesday, October 9th. Finally, Desjardins cut shares of StorageVault Canada from a “moderate buy” rating to a “hold” rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, StorageVault Canada presently has a consensus rating of “Moderate Buy” and an average target price of C$5.62.

StorageVault Canada Stock Down 1.6 %

Shares of StorageVault Canada stock opened at C$3.65 on Thursday. StorageVault Canada has a twelve month low of C$3.64 and a twelve month high of C$5.48. The business has a 50-day moving average price of C$3.95 and a 200 day moving average price of C$4.40. The firm has a market cap of C$1.36 billion, a PE ratio of -45.63 and a beta of 0.89.

Insider Activity at StorageVault Canada

In related news, insider StorageVault Canada Inc. bought 25,000 shares of the stock in a transaction on Thursday, November 14th. The shares were bought at an average cost of C$3.92 per share, for a total transaction of C$97,930.00. Insiders have bought a total of 33,100 shares of company stock worth $130,358 in the last three months. Insiders own 38.49% of the company’s stock.

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.