TD Securities Lowers StorageVault Canada (CVE:SVI) Price Target to C$6.00

StorageVault Canada (CVE:SVI) had its price target cut by TD Securities from C$6.50 to C$6.00 in a note issued to investors on Thursday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential downside of 6.54% from the stock’s current price.

Several other equities research analysts have also weighed in on the stock. Raymond James increased their price objective on shares of StorageVault Canada from C$5.75 to C$6.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 30th. National Bankshares dropped their price objective on shares of StorageVault Canada from C$6.00 to C$5.75 and set a “sector perform” rating on the stock in a research note on Wednesday. Desjardins increased their price objective on shares of StorageVault Canada from C$5.75 to C$6.25 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Finally, Royal Bank of Canada increased 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 note on Tuesday, February 27th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$6.25.

StorageVault Canada Stock Performance

Shares of SVI stock remained flat at C$6.42 during trading hours on Thursday. 168,227 shares of the stock traded hands, compared to its average volume of 147,135. The company has a debt-to-equity ratio of 687.87, a current ratio of 3.04 and a quick ratio of 2.53. StorageVault Canada has a twelve month low of C$3.68 and a twelve month high of C$7.39. The firm has a 50 day moving average price of C$6.42 and a 200-day moving average price of C$6.42. The company has a market cap of C$2.43 billion and a PE ratio of -71.33.

Insider Buying and Selling at StorageVault Canada

In other news, insider StorageVault Canada Inc. purchased 19,200 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were bought at an average price of C$5.17 per share, for a total transaction of C$99,179.52.

StorageVault Canada Company Profile

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.