StorageVault Canada Inc. (CVE:SVI) Receives C$5.81 Average PT from Analysts

StorageVault Canada Inc. (CVE:SVI) has been given an average rating of “Moderate Buy” by the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$5.81.

Several research firms recently issued reports on SVI. TD Securities increased their price target on shares of StorageVault Canada from C$6.00 to C$6.50 in a research report on Wednesday, September 4th. National Bankshares increased their target price on StorageVault Canada from C$5.75 to C$6.00 in a report on Wednesday, October 9th. Scotiabank decreased their price target on StorageVault Canada from C$5.75 to C$5.50 in a research note on Friday, October 25th. Finally, Raymond James dropped their price objective on StorageVault Canada from C$5.75 to C$5.25 and set a “market perform” rating for the company in a research note on Thursday, October 24th.

StorageVault Canada Stock Performance

Shares of SVI stock opened at C$6.42 on Friday. The firm has a fifty day moving average of C$6.42 and a 200-day moving average of C$6.42. The stock 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 has a debt-to-equity ratio of 687.87, a quick ratio of 2.53 and a current ratio of 3.04.

Insider Activity at StorageVault Canada

In related news, insider StorageVault Canada Inc. bought 23,000 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was bought at an average cost of C$4.11 per share, with a total value of C$94,500.10. Also, Director Jay Lynne Fleming sold 75,500 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of C$5.00, for a total transaction of C$377,500.00.

About StorageVault Canada

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.