StorageVault Canada (CVE:SVI) PT Raised to C$6.50 at TD Securities

StorageVault Canada (CVE:SVI) had its price objective increased by TD Securities from C$6.00 to C$6.50 in a report published on Wednesday morning, BayStreet.CA reports.

A number of other equities research analysts have also weighed in on SVI. Cormark cut their target price on shares of StorageVault Canada from C$6.25 to C$5.50 in a research note on Friday, July 26th. Scotiabank reduced their target price on shares of StorageVault Canada from C$6.25 to C$5.75 in a research report on Friday, July 26th. Finally, National Bankshares raised shares of StorageVault Canada from a sector perform rating to an outperform rating and set a C$5.75 price target for the company in a research report on Thursday, July 18th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of C$5.88.

StorageVault Canada Stock Performance

StorageVault Canada stock opened at C$6.42 on Wednesday. The firm has a market cap 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 firm has a 50-day moving average of C$6.42 and a 200-day moving average of C$6.42. The company has a current ratio of 3.04, a quick ratio of 2.53 and a debt-to-equity ratio of 687.87.

Insiders Place Their Bets

In other StorageVault Canada news, insider StorageVault Canada Inc. bought 80,000 shares of StorageVault Canada stock in a transaction on Friday, June 21st. The stock was acquired at an average cost of C$4.60 per share, with a total value of C$368,000.00. In related news, Director Jay Lynne Fleming sold 67,400 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of C$5.00, for a total transaction of C$337,006.74. Also, insider StorageVault Canada Inc. bought 80,000 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were purchased at an average price of C$4.60 per share, for a total transaction of C$368,000.00.

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.