StorageVault Canada (CVE:SVI) PT Lowered to C$6.00 at TD Securities

StorageVault Canada (CVE:SVI) had its price target decreased by TD Securities from C$6.50 to C$6.00 in a research report sent to investors on Thursday, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

SVI has been the topic of a number of other reports. Raymond James increased their target price on shares of StorageVault Canada from C$5.75 to C$6.00 and gave the stock a market perform rating in a report on Tuesday, January 30th. Royal Bank of Canada upped their price objective on StorageVault Canada from C$6.00 to C$6.25 and gave the stock an outperform rating in a research report on Tuesday, February 27th. National Bankshares decreased their target price on StorageVault Canada from C$6.00 to C$5.75 and set a sector perform rating for the company in a report on Wednesday. Finally, Desjardins upped their price target on StorageVault Canada from C$5.75 to C$6.25 and gave the stock a buy rating in a report on Friday, February 23rd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, StorageVault Canada has an average rating of Moderate Buy and an average target price of C$6.06.

StorageVault Canada Price Performance

Shares of CVE:SVI opened at C$6.42 on Thursday. The firm has a market capitalization of C$2.43 billion and a PE ratio of -71.33. StorageVault Canada has a 1 year low of C$3.68 and a 1 year high of C$7.39. 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 firm’s 50-day moving average is C$6.42 and its two-hundred day moving average is C$6.42.

Insiders Place Their Bets

In other news, insider StorageVault Canada Inc. acquired 19,200 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were purchased 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.