Analysts Set StorageVault Canada Inc. (TSE:SVI) Price Target at C$5.62

StorageVault Canada Inc. (TSE:SVI) has received a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$5.62.

A number of research analysts recently weighed in on the stock. Cibc World Mkts upgraded shares of StorageVault Canada to a “hold” rating in a research report on Tuesday, December 17th. CIBC set a C$5.00 price objective on shares of StorageVault Canada and gave the company a “negative” rating in a research report on Tuesday, December 17th. Raymond James lowered their price objective on shares of StorageVault Canada from C$5.25 to C$4.70 in a research report on Monday, January 13th. Scotiabank lowered their price objective on shares of StorageVault Canada from C$5.50 to C$5.25 in a research report on Thursday, January 30th. Finally, Desjardins downgraded shares of StorageVault Canada from a “moderate buy” rating to a “hold” rating in a research report on Thursday, October 24th.

StorageVault Canada Stock Down 2.8 %

TSE:SVI opened at C$3.86 on Friday. The stock has a market cap of C$1.44 billion, a price-to-earnings ratio of -48.25 and a beta of 0.89. The company’s 50 day moving average price is C$3.93 and its 200-day moving average price is C$4.37. StorageVault Canada has a 52 week low of C$3.55 and a 52 week high of C$5.48.

Insiders Place Their Bets

In other news, insider StorageVault Canada Inc. acquired 25,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were purchased at an average cost of C$3.92 per share, for a total transaction of C$97,930.00. Over the last ninety days, insiders have acquired 33,100 shares of company stock worth $130,358. Company insiders own 38.49% of the company’s stock.

About StorageVault Canada

StorageVault Canada Inc is engaged in the business of owning, operating, and leasing storage to individual and commercial customers across Canada. The company operates through three segments. Its Self Storage segment consists of renting space at the company’s property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations.