StorageVault Canada (CVE:SVI) PT Lowered to C$5.25

StorageVault Canada (CVE:SVI) had its price objective cut by Raymond James from C$5.75 to C$5.25 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James’ price target would indicate a potential downside of 18.22% from the stock’s current price.

Several other research analysts have also issued reports on the company. National Bankshares increased their price objective on StorageVault Canada from C$5.75 to C$6.00 in a research note on Wednesday, October 9th. Cormark decreased their target price on StorageVault Canada from C$6.25 to C$5.50 in a report on Friday, July 26th. TD Securities increased their target price on StorageVault Canada from C$6.00 to C$6.50 in a report on Wednesday, September 4th. Finally, Scotiabank decreased their target price on StorageVault Canada from C$6.25 to C$5.75 in a report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, StorageVault Canada has an average rating of “Moderate Buy” and a consensus target price of C$5.81.

StorageVault Canada Price Performance

SVI opened at C$6.42 on Thursday. StorageVault Canada has a 1-year low of C$3.68 and a 1-year high of C$7.39. The company has a current ratio of 3.04, a quick ratio of 2.53 and a debt-to-equity ratio of 687.87. The stock has a market capitalization of C$2.43 billion and a price-to-earnings ratio of -71.33. The business has a 50 day moving average of C$6.42 and a 200-day moving average of C$6.42.

Insider Transactions at StorageVault Canada

In other news, Director Jay Lynne Fleming sold 67,400 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of C$5.00, for a total value of C$337,006.74. In other news, Director Jay Lynne Fleming sold 67,400 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of C$5.00, for a total value of C$337,006.74. Also, Director Benjamin Harris acquired 30,000 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was bought at an average cost of C$4.94 per share, with a total value of C$148,260.00.

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.