Analysts Set StorageVault Canada Inc. (TSE:SVI) Price Target at C$5.62

StorageVault Canada Inc. (TSE:SVI) has earned a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$5.62.

Several equities research analysts have recently commented on the company. Desjardins cut StorageVault Canada from a “moderate buy” rating to a “hold” rating in a research note on Thursday, October 24th. Scotiabank cut their price target on StorageVault Canada from C$5.50 to C$5.25 in a research note on Thursday. National Bankshares upped their price target on StorageVault Canada from C$5.75 to C$6.00 in a research note on Wednesday, October 9th. Raymond James cut their price objective on StorageVault Canada from C$5.25 to C$4.70 in a research report on Monday, January 13th. Finally, CIBC set a C$5.00 price objective on StorageVault Canada and gave the stock a “negative” rating in a research report on Tuesday, December 17th.

Insider Activity at StorageVault Canada

In other StorageVault Canada news, insider StorageVault Canada Inc. acquired 25,000 shares of the company’s 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. In the last ninety days, insiders have purchased 33,100 shares of company stock worth $130,358. 38.49% of the stock is currently owned by company insiders.

StorageVault Canada Trading Down 1.6 %

Shares of TSE SVI opened at C$3.65 on Friday. StorageVault Canada has a twelve month low of C$3.64 and a twelve month high of C$5.48. The stock has a 50 day moving average of C$3.95 and a two-hundred day moving average of C$4.40. The stock has a market cap of C$1.36 billion, a P/E ratio of -45.63 and a beta of 0.89.

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.