StorageVault Canada (CVE:SVI) Price Target Cut to C$6.00 by Analysts at Royal Bank of Canada

StorageVault Canada (CVE:SVI) had its price target cut by Royal Bank of Canada from C$6.25 to C$6.00 in a research report sent to investors on Friday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other research analysts have also issued research reports about the company. National Bankshares lowered their price target on StorageVault Canada from C$6.00 to C$5.75 and set a sector perform rating for the company in a research report on Wednesday. Desjardins lowered their price target on StorageVault Canada from C$6.25 to C$6.00 and set a buy rating for the company in a research report on Friday. Scotiabank decreased their target price on StorageVault Canada from C$6.50 to C$6.25 and set an outperform rating for the company in a research report on Friday. Raymond James decreased their target price on StorageVault Canada from C$6.25 to C$5.75 and set a market perform rating for the company in a research report on Friday. Finally, TD Securities decreased 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 report on Thursday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of C$6.06.

StorageVault Canada Stock Performance

SVI opened at C$6.42 on Friday. The business has a 50 day simple moving average of C$6.42 and a two-hundred day simple moving average of C$6.42. The firm has a market capitalization of C$2.43 billion and a price-to-earnings 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. StorageVault Canada has a one year low of C$3.68 and a one year high of C$7.39.

Insider Activity at StorageVault Canada

In related news, insider StorageVault Canada Inc. acquired 19,200 shares of StorageVault Canada stock in a transaction that occurred on 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.

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.