StorageVault Canada (TSE:SVI) Price Target Cut to C$4.75 by Analysts at CIBC

StorageVault Canada (TSE:SVI) had its price target reduced by CIBC from C$5.00 to C$4.75 in a research report report published on Monday morning,BayStreet.CA reports.

SVI has been the topic of several other research reports. Cibc World Mkts upgraded shares of StorageVault Canada to a “hold” rating in a research note on Tuesday, December 17th. Raymond James upgraded StorageVault Canada from a “hold” rating to a “moderate buy” rating in a research report on Friday. Finally, Scotiabank lowered their price target on StorageVault Canada from C$5.50 to C$5.25 in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$5.47.

StorageVault Canada Stock Performance

Shares of SVI opened at C$4.00 on Monday. The firm has a market cap of C$1.47 billion, a PE ratio of -29.11 and a beta of 0.89. StorageVault Canada has a twelve month low of C$3.55 and a twelve month high of C$5.48. The firm’s 50 day moving average price is C$3.87 and its 200 day moving average price is C$4.28.

Insider Activity

In other StorageVault Canada news, insider StorageVault Canada Inc. bought 50,000 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were purchased at an average price of C$3.95 per share, for a total transaction of C$197,440.00. Insiders acquired a total of 58,100 shares of company stock valued at $229,868 over the last three months. Insiders own 38.49% of the company’s stock.

StorageVault Canada Company Profile

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.