StorageVault Canada (CVE:SVI) Price Target Cut to C$5.75

StorageVault Canada (CVE:SVI) had its price target reduced by equities research analysts at National Bankshares from C$6.00 to C$5.75 in a report released on Wednesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ price target would indicate a potential downside of 10.44% from the company’s current price.

Several other equities analysts also recently issued reports on SVI. Royal Bank of Canada lifted their price objective on StorageVault Canada from C$6.00 to C$6.25 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. Raymond James lifted their price objective on StorageVault Canada from C$5.75 to C$6.00 and gave the company a “market perform” rating in a research report on Tuesday, January 30th. Finally, Desjardins lifted their price objective on StorageVault Canada from C$5.75 to C$6.25 and gave the company a “buy” rating in a research report on Friday, February 23rd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$6.25.

StorageVault Canada Price Performance

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

Insiders Place Their Bets

In other StorageVault Canada news, insider StorageVault Canada Inc. purchased 19,200 shares of the stock in a transaction on Thursday, March 28th. The stock was bought at an average cost of C$5.17 per share, for a total transaction of C$99,179.52.

About StorageVault Canada

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.