StorageVault Canada (CVE:SVI) Price Target Cut to C$6.00

StorageVault Canada (CVE:SVI) had its target price lowered by analysts at Desjardins from C$6.25 to C$6.00 in a report released on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ target price indicates a potential downside of 6.54% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. TD Securities cut their price target on shares of StorageVault Canada from C$6.50 to C$6.00 and set a “buy” rating for the company in a research note on Thursday. National Bankshares dropped their target price on shares of StorageVault Canada from C$6.00 to C$5.75 and set a “sector perform” rating on the stock in a report on Wednesday. Scotiabank reduced their price target on StorageVault Canada from C$6.50 to C$6.25 and set an “outperform” rating for the company in a report on Friday. Raymond James boosted their price target on StorageVault Canada from C$5.75 to C$6.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 30th. Finally, Royal Bank of Canada raised their price objective on StorageVault Canada from C$6.00 to C$6.25 and gave the company an “outperform” rating in a research report on Tuesday, February 27th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$6.06.

StorageVault Canada Stock Performance

CVE SVI opened at C$6.42 on Friday. StorageVault Canada has a 12 month low of C$3.68 and a 12 month high of C$7.39. The company has a current ratio of 3.04, a quick ratio of 2.53 and a debt-to-equity ratio of 687.87. The stock has a 50 day moving average of C$6.42 and a 200-day moving average of C$6.42. The company has a market cap of C$2.43 billion and a PE ratio of -71.33.

Insider Buying and Selling

In other StorageVault Canada news, insider StorageVault Canada Inc. bought 19,200 shares of the stock in a transaction dated Thursday, March 28th. The shares were bought at an average cost of C$5.17 per share, with a total value of C$99,179.52.

About StorageVault Canada

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.