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

Shares of StorageVault Canada Inc. (CVE:SVI) 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.

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

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.