StorageVault Canada (CVE:SVI – Get Free Report) had its price target dropped by equities researchers at Raymond James from C$6.25 to C$5.75 in a research note issued to investors on Friday, BayStreet.CA reports. The firm currently has a “market perform” rating on the stock. Raymond James’ target price indicates a potential downside of 10.44% from the stock’s previous close.
A number of other brokerages have also weighed in on SVI. Royal Bank of Canada raised their price target on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the company an “outperform” rating in a research note on Tuesday, February 27th. Scotiabank decreased their price target on shares of StorageVault Canada from C$6.50 to C$6.25 and set an “outperform” rating on the stock in a research note on Friday. Desjardins decreased their target price on shares of StorageVault Canada from C$6.25 to C$6.00 and set a “buy” rating on the stock in a research note on Friday. National Bankshares decreased their target price on shares of StorageVault Canada from C$6.00 to C$5.75 and set a “sector perform” rating on the stock in a research note on Wednesday. Finally, TD Securities decreased their target price on shares of StorageVault Canada from C$6.50 to C$6.00 and set a “buy” rating on the stock in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, StorageVault Canada currently has an average rating of “Moderate Buy” and an average target price of C$6.06.
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StorageVault Canada Price Performance
Insiders Place Their Bets
In other StorageVault Canada news, insider StorageVault Canada Inc. purchased 19,200 shares of the stock in a transaction dated Thursday, March 28th. The stock was acquired at an average cost of C$5.17 per share, for a total transaction of C$99,179.52.
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.
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