StorageVault Canada Inc. (CVE:SVI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of StorageVault Canada Inc. (CVE:SVI) have earned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$5.72.

A number of equities analysts have recently commented on the stock. National Bankshares increased their price target on shares of StorageVault Canada from C$5.75 to C$6.00 in a report on Wednesday, October 9th. Raymond James reduced their target price on StorageVault Canada from C$5.75 to C$5.25 and set a “market perform” rating on the stock in a research note on Thursday, October 24th. Scotiabank dropped their price target on StorageVault Canada from C$5.75 to C$5.50 in a research note on Friday, October 25th. Finally, CIBC set a C$5.00 price objective on StorageVault Canada and gave the stock a “negative” rating in a report on Tuesday, December 17th.

StorageVault Canada Price Performance

SVI stock opened at C$6.42 on Monday. The company’s 50 day moving average is C$6.42 and its 200 day moving average is C$6.42. The stock has a market cap of C$2.43 billion and a price-to-earnings ratio of -71.33. The company has a current ratio of 3.04, a quick ratio of 2.53 and a debt-to-equity ratio of 687.87. StorageVault Canada has a 1-year low of C$3.68 and a 1-year high of C$7.39.

Insider Transactions at StorageVault Canada

In other news, insider StorageVault Canada Inc. bought 25,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were purchased at an average price of C$3.92 per share, for a total transaction of C$97,930.00. Over the last quarter, insiders have purchased 51,100 shares of company stock worth $204,978.

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.