Scotiabank Cuts StorageVault Canada (CVE:SVI) Price Target to C$5.75

StorageVault Canada (CVE:SVI) had its target price reduced by analysts at Scotiabank from C$6.25 to C$5.75 in a research note issued to investors on Friday, BayStreet.CA reports. Scotiabank’s target price points to a potential downside of 10.44% from the stock’s previous close.

Other research analysts have also issued research reports about the company. National Bankshares raised StorageVault Canada from a “sector perform” rating to an “outperform” rating and set a C$5.75 price target on the stock in a research report on Thursday, July 18th. Desjardins lowered their target price on StorageVault Canada from C$6.25 to C$6.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. TD Securities lowered their target price on StorageVault Canada from C$6.50 to C$6.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Raymond James lowered their target price on StorageVault Canada from C$6.25 to C$5.75 and set a “market perform” rating on the stock in a research note on Friday, April 26th. Finally, Royal Bank of Canada lowered their target price on StorageVault Canada from C$6.25 to C$6.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$5.81.

StorageVault Canada Price Performance

SVI remained flat at C$6.42 during trading on Friday. The company’s stock had a trading volume of 168,227 shares, compared to its average volume of 147,135. The company has a market cap of C$2.43 billion and a price-to-earnings ratio of -71.33. StorageVault Canada has a 52 week low of C$3.68 and a 52 week high of C$7.39. The company’s fifty day simple moving average is C$6.42 and its two-hundred day simple moving average is 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.

Insider Activity at StorageVault Canada

In other StorageVault Canada news, insider StorageVault Canada Inc. purchased 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were purchased at an average cost of C$4.50 per share, for a total transaction of C$90,022.00. Insiders have acquired a total of 120,000 shares of company stock worth $552,404 over the last three months.

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.