StorageVault Canada Inc. (CVE:SVI) Given Average Recommendation of “Moderate Buy” by Analysts

by · The Cerbat Gem

Shares of StorageVault Canada Inc. (CVE:SVI – Get Free Report) have received an average rating of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$5.81.

Several brokerages have recently issued reports on SVI. National Bankshares lifted their price target on StorageVault Canada from C$5.75 to C$6.00 in a report on Wednesday, October 9th. Cormark reduced their price target on StorageVault Canada from C$6.25 to C$5.50 in a report on Friday, July 26th. Raymond James reduced their price target on 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. TD Securities lifted their price target on StorageVault Canada from C$6.00 to C$6.50 in a report on Wednesday, September 4th. Finally, Scotiabank reduced their price target on StorageVault Canada from C$5.75 to C$5.50 in a report on Friday, October 25th.

View Our Latest Report on StorageVault Canada

Insider Buying and Selling

In related news, Director Benjamin Harris bought 30,000 shares of StorageVault Canada stock in a transaction that occurred on Monday, September 9th. The stock was purchased at an average cost of C$4.94 per share, for a total transaction of C$148,260.00. In other news, Director Jay Lynne Fleming sold 75,500 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of C$5.00, for a total transaction of C$377,500.00. Also, Director Benjamin Harris purchased 30,000 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were acquired at an average price of C$4.94 per share, with a total value of C$148,260.00.

StorageVault Canada Stock Performance

CVE:SVI opened at C$6.42 on Wednesday. The stock has a market cap of C$2.43 billion and a PE ratio of -71.33. The company has a debt-to-equity ratio of 687.87, a current ratio of 3.04 and a quick ratio of 2.53. StorageVault Canada has a fifty-two week low of C$3.68 and a fifty-two week high of C$7.39. The stock’s 50-day moving average is C$6.42 and its two-hundred day moving average is C$6.42.

StorageVault Canada Company Profile

(Get Free Report

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.

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