Scotiabank Issues Pessimistic Forecast for StorageVault Canada (TSE:SVI) Stock Price

StorageVault Canada (TSE:SVI) had its target price reduced by research analysts at Scotiabank from C$5.50 to C$5.25 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Scotiabank’s target price would indicate a potential upside of 43.84% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. National Bankshares boosted their price objective on shares of StorageVault Canada from C$5.75 to C$6.00 in a research report on Wednesday, October 9th. CIBC set a C$5.00 price objective on StorageVault Canada and gave the stock a “negative” rating in a research note on Tuesday, December 17th. Cibc World Mkts upgraded StorageVault Canada to a “hold” rating in a report on Tuesday, December 17th. Raymond James lowered their target price on StorageVault Canada from C$5.25 to C$4.70 in a report on Monday, January 13th. Finally, Desjardins lowered StorageVault Canada from a “moderate buy” rating to a “hold” rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four 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 presently has an average rating of “Moderate Buy” and a consensus price target of C$5.62.

StorageVault Canada Trading Down 1.6 %

TSE:SVI opened at C$3.65 on Thursday. The company has a market cap of C$1.36 billion, a price-to-earnings ratio of -45.63 and a beta of 0.89. StorageVault Canada has a twelve month low of C$3.64 and a twelve month high of C$5.48. The stock has a fifty day simple moving average of C$3.95 and a 200-day simple moving average of C$4.40.

Insider Activity at StorageVault Canada

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

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.