StorageVault Canada (CVE:SVI) Given New C$6.25 Price Target at Scotiabank

StorageVault Canada (CVE:SVI) had its price target decreased by Scotiabank from C$6.50 to C$6.25 in a research report report published on Friday, BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Several other analysts have also commented on the stock. Royal Bank of Canada raised their price objective on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the stock an outperform rating in a report on Tuesday, February 27th. National Bankshares lowered their price objective on shares of StorageVault Canada from C$6.00 to C$5.75 and set a sector perform rating for the company in a report on Wednesday. Raymond James raised their price objective on shares of StorageVault Canada from C$5.75 to C$6.00 and gave the stock a market perform rating in a report on Tuesday, January 30th. Desjardins raised their price objective on shares of StorageVault Canada from C$5.75 to C$6.25 and gave the stock a buy rating in a report on Friday, February 23rd. Finally, TD Securities dropped their price target on StorageVault Canada from C$6.50 to C$6.00 and set a buy rating on the stock in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, StorageVault Canada presently has a consensus rating of Moderate Buy and a consensus price target of C$6.06.

StorageVault Canada Stock Performance

Shares of SVI opened at C$6.42 on Friday. 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. The company 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 PE ratio of -71.33.

Insider Transactions at StorageVault Canada

In related news, insider StorageVault Canada Inc. purchased 19,200 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were purchased at an average cost 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.