StorageVault Canada (CVE:SVI) PT Lowered to C$5.75 at National Bankshares

StorageVault Canada (CVE:SVI) had its price target dropped by investment analysts at National Bankshares from C$6.00 to C$5.75 in a research report issued on Wednesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ price objective suggests a potential downside of 10.44% from the company’s previous close.

Several other brokerages have also commented on SVI. Desjardins raised their price objective on StorageVault Canada from C$5.75 to C$6.25 and gave the company a “buy” rating in a report on Friday, February 23rd. Raymond James lifted their price target on shares of StorageVault Canada from C$5.75 to C$6.00 and gave the company a “market perform” rating in a research note on Tuesday, January 30th. Finally, Royal Bank of Canada upped their price objective on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, StorageVault Canada presently has a consensus rating of “Moderate Buy” and an average price target of C$6.38.

StorageVault Canada Price Performance

SVI stock remained flat at C$6.42 during midday trading on Wednesday. 168,227 shares of the company traded hands, compared to its average volume of 147,135. 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. The company’s fifty day moving average is C$6.42 and its two-hundred day moving average is C$6.42. The firm has a market capitalization of C$2.43 billion and a price-to-earnings ratio of -71.33.

Insider Transactions at StorageVault Canada

In related news, insider StorageVault Canada Inc. purchased 19,200 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was purchased at an average price of C$5.17 per share, with a total value of C$99,179.52.

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.