StorageVault Canada Inc. (CVE:SVI) Receives C$5.81 Average PT from Brokerages

Shares of StorageVault Canada Inc. (CVE:SVI) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$5.81.

SVI has been the subject of a number of recent analyst reports. TD Securities dropped 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 research note on Thursday, April 25th. Royal Bank of Canada dropped their target price on StorageVault Canada from C$6.25 to C$6.00 and set an “outperform” rating for the company in a research report on Friday, April 26th. Scotiabank cut their target price on StorageVault Canada from C$6.25 to C$5.75 in a research note on Friday, July 26th. National Bankshares raised StorageVault Canada from a “sector perform” rating to an “outperform” rating and set a C$5.75 price target for the company in a research note on Thursday, July 18th. Finally, Raymond James cut their price objective on 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.

StorageVault Canada Price Performance

CVE SVI opened at C$6.42 on Friday. The company has a quick ratio of 2.53, a current ratio of 3.04 and a debt-to-equity ratio of 687.87. StorageVault Canada has a 52 week low of C$3.68 and a 52 week 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 fifty day moving average of C$6.42 and a two-hundred day moving average of C$6.42.

Insider Buying and Selling at StorageVault Canada

In other news, insider StorageVault Canada Inc. purchased 20,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were acquired at an average price of C$4.50 per share, with a total value 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.