StorageVault Canada (TSE:SVI) Price Target Lowered to C$4.75 at CIBC

StorageVault Canada (TSE:SVI) had its price objective trimmed by CIBC from C$5.00 to C$4.75 in a report issued on Monday,BayStreet.CA reports.

Several other equities research analysts also recently issued reports on the company. Scotiabank decreased their price target on StorageVault Canada from C$5.50 to C$5.25 in a report on Thursday, January 30th. Raymond James upgraded StorageVault Canada from a “hold” rating to a “moderate buy” rating in a research note on Friday, February 21st. Finally, Cibc World Mkts upgraded StorageVault Canada to a “hold” rating in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$5.47.

StorageVault Canada Trading Down 0.2 %

Shares of StorageVault Canada stock opened at C$3.99 on Monday. The stock has a fifty day simple moving average of C$3.87 and a 200 day simple moving average of C$4.28. StorageVault Canada has a 12-month low of C$3.55 and a 12-month high of C$5.48. The company has a market capitalization of C$1.47 billion, a P/E ratio of -29.04 and a beta of 0.89.

Insider Transactions at StorageVault Canada

In other news, insider StorageVault Canada Inc. purchased 50,000 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was bought at an average price of C$3.95 per share, for a total transaction of C$197,440.00. In the last 90 days, insiders bought 58,100 shares of company stock worth $229,868. 38.49% of the stock is owned by company insiders.

About StorageVault Canada

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.