StorageVault Canada Inc. (TSE:SVI) Receives C$5.47 Average Price Target from Analysts

Shares of StorageVault Canada Inc. (TSE:SVI) have earned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is C$5.47.

Several equities research analysts recently commented on the stock. Raymond James raised shares of StorageVault Canada from a “hold” rating to a “moderate buy” rating in a report on Friday, February 21st. Scotiabank decreased their price target on shares of StorageVault Canada from C$5.50 to C$5.25 in a research note on Thursday, January 30th. CIBC lowered their price objective on StorageVault Canada from C$5.00 to C$4.75 in a report on Monday, February 24th. Canaccord Genuity Group raised StorageVault Canada from a “hold” rating to a “buy” rating and reduced their target price for the company from C$5.00 to C$4.50 in a report on Monday, February 24th. Finally, Cibc World Mkts raised StorageVault Canada to a “hold” rating in a research note on Tuesday, December 17th.

StorageVault Canada Price Performance

SVI opened at C$4.04 on Tuesday. The firm has a fifty day moving average price of C$3.87 and a 200 day moving average price of C$4.27. StorageVault Canada has a 1 year low of C$3.55 and a 1 year high of C$5.42. The stock has a market cap of C$1.49 billion, a P/E ratio of -29.40 and a beta of 0.89.

Insider Transactions at StorageVault Canada

In other news, insider StorageVault Canada Inc. purchased 50,000 shares of StorageVault Canada stock in a transaction dated Friday, January 17th. The shares were purchased at an average price of C$3.95 per share, with a total value of C$197,440.00. Insiders own 38.49% of the company’s stock.

StorageVault Canada Company Profile

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.