Raymond James Lowers StorageVault Canada (CVE:SVI) Price Target to C$5.75

StorageVault Canada (CVE:SVI) 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.

StorageVault Canada Price Performance

StorageVault Canada stock remained flat at C$6.42 during midday trading on Friday. 168,227 shares of the company were exchanged, compared to its average volume of 147,135. The company has a market capitalization of C$2.43 billion and a P/E ratio of -71.33. StorageVault Canada has a 1 year low of C$3.68 and a 1 year high of C$7.39. The business has a 50-day moving average of C$6.42 and a two-hundred day moving average of C$6.42. The company has a quick ratio of 2.53, a current ratio of 3.04 and a debt-to-equity ratio of 687.87.

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.