StorageVault Canada (CVE:SVI) Price Target Cut to C$6.00 by Analysts at Desjardins

StorageVault Canada (CVE:SVI) had its target price cut by Desjardins from C$6.25 to C$6.00 in a research report sent to investors on Friday, BayStreet.CA reports. They currently have a buy rating on the stock.

SVI has been the subject of several other research reports. Scotiabank reduced their price target on shares of StorageVault Canada from C$6.50 to C$6.25 and set an outperform rating for the company in a report on Friday. National Bankshares reduced their price target on shares of StorageVault Canada from C$6.00 to C$5.75 and set a sector perform rating for the company in a report on Wednesday. Raymond James boosted 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 report on Tuesday, January 30th. Royal Bank of Canada boosted their price target on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the company an outperform rating in a report on Tuesday, February 27th. Finally, TD Securities reduced their price target on shares of StorageVault Canada from C$6.50 to C$6.00 and set a buy rating for the company in a report on Thursday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of C$6.06.

StorageVault Canada Price Performance

SVI stock opened at C$6.42 on Friday. 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 1-year low of C$3.68 and a 1-year high of C$7.39. The firm has a fifty day moving average price of C$6.42 and a two-hundred day moving average price of C$6.42. The firm has a market cap of C$2.43 billion and a price-to-earnings ratio of -71.33.

Insider Activity at StorageVault Canada

In related news, insider StorageVault Canada Inc. bought 19,200 shares of the firm’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, for a total transaction 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.