StorageVault Canada (CVE:SVI) Price Target Cut to C$6.25 by Analysts at Scotiabank

StorageVault Canada (CVE:SVI) had its price objective decreased by Scotiabank from C$6.50 to C$6.25 in a research report sent to investors on Friday, BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Several other analysts have also recently issued reports on SVI. TD Securities lowered their target price on shares of StorageVault Canada from C$6.50 to C$6.00 and set a buy rating on the stock in a research note on Thursday, April 25th. Desjardins upped their price target on shares of StorageVault Canada from C$5.75 to C$6.25 and gave the stock a buy rating in a report on Friday, February 23rd. Raymond James lifted their price objective on 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. National Bankshares decreased their target price on 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, April 24th. Finally, Royal Bank of Canada lifted their price target on StorageVault Canada from C$6.00 to C$6.25 and gave the company an outperform rating in a research report on Tuesday, February 27th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. 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 Stock Performance

Shares of StorageVault Canada stock opened at C$6.42 on Friday. The company’s 50-day moving average price is C$6.42 and its 200-day moving average price is C$6.42. The company has a current ratio of 3.04, a quick ratio of 2.53 and a debt-to-equity ratio of 687.87. StorageVault Canada has a 12-month low of C$3.68 and a 12-month high of C$7.39. The company has a market cap of C$2.43 billion and a price-to-earnings ratio of -71.33.

Insider Transactions at StorageVault Canada

In other StorageVault Canada news, insider StorageVault Canada Inc. purchased 19,200 shares of StorageVault Canada stock in a transaction on Thursday, March 28th. The shares were acquired at an average cost 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.