StorageVault Canada (CVE:SVI) Price Target Cut to C$5.50 by Analysts at Scotiabank

StorageVault Canada (CVE:SVI) had its price objective decreased by Scotiabank from C$5.75 to C$5.50 in a research note issued to investors on Friday, BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the company. National Bankshares increased their price target on StorageVault Canada from C$5.75 to C$6.00 in a report on Wednesday, October 9th. Cormark cut their price target on StorageVault Canada from C$6.25 to C$5.50 in a report on Friday, July 26th. TD Securities increased their price target on StorageVault Canada from C$6.00 to C$6.50 in a report on Wednesday, September 4th. Finally, Raymond James cut their price target on StorageVault Canada from C$5.75 to C$5.25 and set a “market perform” rating on the stock in a report on Thursday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$5.81.

StorageVault Canada Stock Performance

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

Insider Activity at StorageVault Canada

In other StorageVault Canada news, Director Benjamin Harris purchased 30,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was bought at an average cost of C$4.94 per share, with a total value of C$148,260.00. In other StorageVault Canada news, Director Jay Lynne Fleming sold 75,500 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of C$5.00, for a total value of C$377,500.00. Also, Director Benjamin Harris bought 30,000 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was purchased at an average cost of C$4.94 per share, with a total value of C$148,260.00.

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.