StorageVault Canada (CVE:SVI) PT Set at C$5.00 by CIBC

CIBC set a C$5.00 target price on StorageVault Canada (CVE:SVI) in a report released on Tuesday morning,BayStreet.CA reports. The brokerage currently has a negative rating on the stock.

Several other research analysts have also issued reports on SVI. National Bankshares raised their target price on shares of StorageVault Canada from C$5.75 to C$6.00 in a research note on Wednesday, October 9th. Scotiabank reduced their price objective on shares of StorageVault Canada from C$5.75 to C$5.50 in a research note on Friday, October 25th. TD Securities upped their target price on shares of StorageVault Canada from C$6.00 to C$6.50 in a research report on Wednesday, September 4th. Finally, Raymond James reduced their price target on StorageVault Canada from C$5.75 to C$5.25 and set a “market perform” rating on the stock in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$5.72.

StorageVault Canada Stock Performance

SVI stock opened at C$6.42 on Tuesday. The company has a quick ratio of 2.53, a current ratio of 3.04 and a debt-to-equity ratio of 687.87. StorageVault Canada has a twelve month low of C$3.68 and a twelve month high of C$7.39. The company has a market cap of C$2.43 billion and a P/E ratio of -71.33. The business has a fifty day moving average of C$6.42 and a 200-day moving average of C$6.42.

Insiders Place Their Bets

In related news, insider StorageVault Canada Inc. acquired 23,000 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were acquired at an average cost of C$4.11 per share, for a total transaction of C$94,500.10. Over the last ninety days, insiders have acquired 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.