StorageVault Canada Inc. Purchases 23,000 Shares of StorageVault Canada Inc. (CVE:SVI) Stock

StorageVault Canada Inc. (CVE:SVI) insider StorageVault Canada Inc. purchased 23,000 shares of StorageVault Canada stock in a transaction dated Thursday, October 31st. The shares were purchased at an average price of C$4.11 per share, for a total transaction of C$94,500.10.

StorageVault Canada Price Performance

Shares of SVI opened at C$6.42 on Thursday. StorageVault Canada Inc. has a 52-week low of C$3.68 and a 52-week high of C$7.39. The company has a debt-to-equity ratio of 687.87, a quick ratio of 2.53 and a current ratio of 3.04. The business’s 50 day moving average price is C$6.42 and its two-hundred day moving average price is C$6.42. The firm has a market cap of C$2.43 billion and a PE ratio of -71.33.

Analysts Set New Price Targets

Several analysts have recently weighed in on SVI shares. Scotiabank reduced their price target on StorageVault Canada from C$5.75 to C$5.50 in a report on Friday, October 25th. Raymond James reduced 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, October 24th. TD Securities lifted their price objective on StorageVault Canada from C$6.00 to C$6.50 in a research note on Wednesday, September 4th. Cormark cut their price objective on StorageVault Canada from C$6.25 to C$5.50 in a research note on Friday, July 26th. Finally, National Bankshares lifted their price objective on StorageVault Canada from C$5.75 to C$6.00 in a research note on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$5.81.

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.