StorageVault Canada (CVE:SVI) PT Lowered to C$5.50

StorageVault Canada (CVE:SVI) had its target price reduced by Cormark from C$6.25 to C$5.50 in a research report report published on Friday morning, BayStreet.CA reports.

Other equities analysts have also issued research reports about the stock. TD Securities decreased their price target on shares of StorageVault Canada from C$6.50 to C$6.00 and set a buy rating for the company in a report on Thursday, April 25th. Desjardins cut their price objective on shares of StorageVault Canada from C$6.25 to C$6.00 and set a buy rating on the stock in a research report on Friday, April 26th. Raymond James cut their price objective on shares of StorageVault Canada from C$6.25 to C$5.75 and set a market perform rating on the stock in a research report on Friday, April 26th. National Bankshares raised shares of StorageVault Canada from a sector perform rating to an outperform rating and set a C$5.75 price objective on the stock in a research report on Thursday, July 18th. Finally, Royal Bank of Canada cut their price target on shares of StorageVault Canada from C$6.25 to C$6.00 and set an outperform rating on the stock in a research report on Friday, April 26th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of C$5.81.

StorageVault Canada Price Performance

Shares of SVI stock opened at C$6.42 on Friday. StorageVault Canada has a 12-month low of C$3.68 and a 12-month high of C$7.39. The firm has a market capitalization of C$2.43 billion and a price-to-earnings ratio of -71.33. 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 firm has a fifty day moving average of C$6.42 and a 200-day moving average of C$6.42.

Insider Transactions at StorageVault Canada

In other news, insider StorageVault Canada Inc. purchased 20,000 shares of StorageVault Canada stock in a transaction that occurred on Thursday, May 30th. The stock was acquired at an average cost of C$4.50 per share, for a total transaction of C$90,022.00.

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.