Scotiabank Cuts StorageVault Canada (CVE:SVI) Price Target to C$6.25

StorageVault Canada (CVE:SVI) had its target price reduced by equities researchers at Scotiabank from C$6.50 to C$6.25 in a report issued on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price target would indicate a potential downside of 2.65% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Royal Bank of Canada boosted 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 report on Tuesday, February 27th. TD Securities lowered their target price on StorageVault Canada from C$6.50 to C$6.00 and set a “buy” rating for the company in a research note on Thursday. National Bankshares cut their price target on 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. Desjardins upped their target price on shares of 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. Finally, Raymond James lifted their price objective on StorageVault Canada from C$5.75 to C$6.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 30th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$6.06.

StorageVault Canada Stock Performance

Shares of CVE:SVI remained flat at C$6.42 during midday trading on Friday. 168,227 shares of the stock were exchanged, compared to its average volume of 147,135. 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 business has a 50 day moving average price of C$6.42 and a 200 day moving average price 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 cap of C$2.43 billion and a price-to-earnings ratio of -71.33.

Insider Transactions at StorageVault Canada

In other news, insider StorageVault Canada Inc. purchased 19,200 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was bought at an average price of C$5.17 per share, with a total value 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.