Brokerages Set StorageVault Canada Inc. (TSE:SVI) Price Target at C$5.47

Shares of StorageVault Canada Inc. (TSE:SVI) have earned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$5.47.

SVI has been the subject of a number of research reports. Raymond James raised StorageVault Canada from a “hold” rating to a “moderate buy” rating in a research note on Friday, February 21st. CIBC dropped their target price on StorageVault Canada from C$5.00 to C$4.75 in a research report on Monday, February 24th. Scotiabank reduced their price target on shares of StorageVault Canada from C$5.50 to C$5.25 in a research report on Thursday, January 30th. Canaccord Genuity Group upgraded shares of StorageVault Canada from a “hold” rating to a “buy” rating and dropped their price objective for the company from C$5.00 to C$4.50 in a report on Monday, February 24th. Finally, Cibc World Mkts raised shares of StorageVault Canada to a “hold” rating in a research note on Tuesday, December 17th.

StorageVault Canada Price Performance

Shares of SVI opened at C$4.04 on Tuesday. The firm has a 50-day simple moving average of C$3.87 and a two-hundred day simple moving average of C$4.27. StorageVault Canada has a 1-year low of C$3.55 and a 1-year high of C$5.42. The stock has a market cap of C$1.49 billion, a PE ratio of -29.40 and a beta of 0.89.

Insider Buying and Selling at StorageVault Canada

In other StorageVault Canada news, insider StorageVault Canada Inc. acquired 50,000 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were acquired at an average price of C$3.95 per share, for a total transaction of C$197,440.00. Insiders own 38.49% of the company’s stock.

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.