StorageVault Canada Inc. (CVE:SVI) Receives C$6.06 Average Price Target from Analysts

StorageVault Canada Inc. (CVE:SVIGet Free Report) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$6.06.

A number of analysts recently issued reports on SVI shares. Raymond James dropped their target price on shares of StorageVault Canada from C$6.25 to C$5.75 and set a “market perform” rating for the company in a research report on Friday, April 26th. TD Securities dropped their price objective on shares of StorageVault Canada from C$6.50 to C$6.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Royal Bank of Canada reduced their target price on shares of StorageVault Canada from C$6.25 to C$6.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Desjardins lowered their price target on StorageVault Canada from C$6.25 to C$6.00 and set a “buy” rating for the company in a report on Friday, April 26th. Finally, National Bankshares reduced their price objective 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.

Get Our Latest Report on SVI

Insider Buying and Selling

In other news, insider StorageVault Canada Inc. acquired 20,000 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was bought at an average cost of C$4.72 per share, with a total value of C$94,382.00. Insiders have bought 59,200 shares of company stock valued at $283,584 in the last quarter.

StorageVault Canada Stock Performance

StorageVault Canada stock opened at C$6.42 on Thursday. The stock’s 50-day moving average is C$6.42 and its 200-day moving average is C$6.42. The company has a market cap of C$2.43 billion and a price-to-earnings ratio of -71.33. 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 12 month low of C$3.68 and a 12 month high of C$7.39.

StorageVault Canada Company Profile

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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.

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Analyst Recommendations for StorageVault Canada (CVE:SVI)

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