StorageVault Canada (CVE:SVI) Price Target Lowered to C$5.75 at Raymond James

StorageVault Canada (CVE:SVI) had its price objective reduced by Raymond James from C$6.25 to C$5.75 in a report issued on Friday, BayStreet.CA reports. They currently have a market perform rating on the stock.

A number of other analysts have also commented on SVI. Scotiabank lowered their price objective on StorageVault Canada from C$6.50 to C$6.25 and set an outperform rating for the company in a research report on Friday. Desjardins lowered their price objective on StorageVault Canada from C$6.25 to C$6.00 and set a buy rating for the company in a research report on Friday. Royal Bank of Canada lifted their price objective on StorageVault Canada from C$6.00 to C$6.25 and gave the stock an outperform rating in a research report on Tuesday, February 27th. TD Securities lowered their price objective on StorageVault Canada from C$6.50 to C$6.00 and set a buy rating for the company in a research report on Thursday. Finally, National Bankshares lowered their price objective on StorageVault Canada from C$6.00 to C$5.75 and set a sector perform rating for the company in a research report on Wednesday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of C$6.06.

StorageVault Canada Stock Performance

StorageVault Canada stock opened at C$6.42 on Friday. The stock has a 50-day simple moving average of C$6.42 and a 200 day simple moving average of C$6.42. The company has a quick ratio of 2.53, a current ratio of 3.04 and a debt-to-equity ratio of 687.87. StorageVault Canada has a 12-month low of C$3.68 and a 12-month high of C$7.39. The stock has a market capitalization of C$2.43 billion and a price-to-earnings ratio of -71.33.

Insider Transactions at StorageVault Canada

In related news, insider StorageVault Canada Inc. bought 19,200 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was bought at an average cost of C$5.17 per share, for a total transaction of C$99,179.52.

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.