StorageVault Canada Inc. (CVE:SVI) Receives Average Rating of “Moderate Buy” from Analysts

StorageVault Canada Inc. (CVE:SVI) has been given a consensus recommendation of “Moderate Buy” by the eight analysts that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$6.06.

Several research firms recently weighed in on SVI. Desjardins reduced their price objective on shares of StorageVault Canada from C$6.25 to C$6.00 and set a “buy” rating for the company in a report on Friday, April 26th. National Bankshares reduced their price objective on shares of StorageVault Canada from C$6.00 to C$5.75 and set a “sector perform” rating for the company in a report on Wednesday, April 24th. TD Securities reduced their price objective on shares of StorageVault Canada from C$6.50 to C$6.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Royal Bank of Canada reduced their price objective on shares of StorageVault Canada from C$6.25 to C$6.00 and set an “outperform” rating for the company in a report on Friday, April 26th. Finally, Raymond James reduced their price objective on shares of StorageVault Canada from C$6.25 to C$5.75 and set a “market perform” rating for the company in a report on Friday, April 26th.

StorageVault Canada Stock Performance

SVI stock opened at C$6.42 on Wednesday. The company has a market capitalization of C$2.43 billion and a P/E ratio of -71.33. The company has a 50-day simple moving average of C$6.42 and a 200 day simple moving average of C$6.42. StorageVault Canada has a fifty-two week low of C$3.68 and a fifty-two week high of C$7.39. The company has a quick ratio of 2.53, a current ratio of 3.04 and a debt-to-equity ratio of 687.87.

Insiders Place Their Bets

In other StorageVault Canada news, insider StorageVault Canada Inc. purchased 19,200 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were purchased at an average cost of C$5.17 per share, for a total transaction of C$99,179.52.

StorageVault Canada Company Profile

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.