StorageVault Canada Inc. (TSE:SVI) Receives Average Rating of “Moderate Buy” from Brokerages

StorageVault Canada Inc. (TSE:SVI) has been given an average recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is C$5.62.

A number of analysts have recently commented on SVI shares. Desjardins cut StorageVault Canada from a “moderate buy” rating to a “hold” rating in a research note on Thursday, October 24th. Scotiabank reduced their price target on shares of StorageVault Canada from C$5.50 to C$5.25 in a research report on Thursday. CIBC set a C$5.00 price objective on shares of StorageVault Canada and gave the company a “negative” rating in a research report on Tuesday, December 17th. Raymond James decreased their target price on StorageVault Canada from C$5.25 to C$4.70 in a research note on Monday, January 13th. Finally, Cibc World Mkts raised StorageVault Canada to a “hold” rating in a research report on Tuesday, December 17th.

Insiders Place Their Bets

In other news, insider StorageVault Canada Inc. bought 25,000 shares of the stock in a transaction dated Thursday, November 14th. The shares were bought at an average price of C$3.92 per share, for a total transaction of C$97,930.00. Insiders purchased a total of 33,100 shares of company stock valued at $130,358 over the last ninety days. 38.49% of the stock is currently owned by company insiders.

StorageVault Canada Trading Up 0.5 %

Shares of TSE SVI opened at C$3.71 on Friday. The firm has a market capitalization of C$1.38 billion, a PE ratio of -46.38 and a beta of 0.89. The firm’s 50-day moving average is C$3.96 and its 200-day moving average is C$4.41. StorageVault Canada has a 1 year low of C$3.66 and a 1 year high of C$5.48.

About StorageVault Canada

StorageVault Canada Inc is engaged in the business of owning, operating, and leasing storage to individual and commercial customers across Canada. The company operates through three segments. Its Self Storage segment consists of renting space at the company’s property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations.