StorageVault Canada (CVE:SVI) Given a C$5.00 Price Target at CIBC

CIBC set a C$5.00 price objective on StorageVault Canada (CVE:SVI) in a research report sent to investors on Tuesday morning,BayStreet.CA reports. The brokerage currently has a negative rating on the stock.

SVI has been the topic of several other reports. TD Securities increased their price objective on StorageVault Canada from C$6.00 to C$6.50 in a research note on Wednesday, September 4th. National Bankshares upped their target price on shares of StorageVault Canada from C$5.75 to C$6.00 in a research note on Wednesday, October 9th. Raymond James lowered their price target on shares of StorageVault Canada from C$5.75 to C$5.25 and set a “market perform” rating for the company in a report on Thursday, October 24th. Finally, Scotiabank lowered their target price on shares of StorageVault Canada from C$5.75 to C$5.50 in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, StorageVault Canada presently has a consensus rating of “Moderate Buy” and a consensus target price of C$5.72.

StorageVault Canada Stock Performance

SVI opened at C$6.42 on Tuesday. StorageVault Canada has a 1-year low of C$3.68 and a 1-year high of C$7.39. The company has a debt-to-equity ratio of 687.87, a current ratio of 3.04 and a quick ratio of 2.53. The firm has a market capitalization of C$2.43 billion and a price-to-earnings ratio of -71.33. The company’s 50 day simple moving average is C$6.42 and its two-hundred day simple moving average is C$6.42.

Insiders Place Their Bets

In other StorageVault Canada news, insider StorageVault Canada Inc. purchased 23,000 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was bought at an average cost of C$4.11 per share, with a total value of C$94,500.10. Over the last three months, insiders have acquired 51,100 shares of company stock valued at $204,978.

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.