StorageVault Canada (CVE:SVI – Get Free Report) had its price target reduced by research analysts at Royal Bank of Canada from C$6.25 to C$6.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential downside of 6.54% from the stock’s current price.
Several other research analysts have also weighed in on SVI. National Bankshares lowered their price objective on shares of StorageVault Canada from C$6.00 to C$5.75 and set a “sector perform” rating on the stock in a research note on Wednesday. Desjardins lowered their price target on StorageVault Canada from C$6.25 to C$6.00 and set a “buy” rating on the stock in a research report on Friday. Scotiabank dropped their price objective on StorageVault Canada from C$6.50 to C$6.25 and set an “outperform” rating on the stock in a research note on Friday. Raymond James reduced their target price on StorageVault Canada from C$6.25 to C$5.75 and set a “market perform” rating for the company in a research note on Friday. Finally, TD Securities decreased their target price on StorageVault Canada from C$6.50 to C$6.00 and set a “buy” rating on the stock in a report on Thursday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$6.06.
View Our Latest Stock Report on SVI
StorageVault Canada Stock Performance
Insider Transactions at StorageVault Canada
In other StorageVault Canada news, insider StorageVault Canada Inc. purchased 19,200 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were acquired at an average cost of C$5.17 per share, with a total value 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.
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