StorageVault Canada (TSE:SVI) Price Target Lowered to C$5.25 at Scotiabank

StorageVault Canada (TSE:SVI) had its price objective decreased by Scotiabank from C$5.50 to C$5.25 in a report issued on Thursday morning,BayStreet.CA reports.

Other analysts have also recently issued research reports about the company. National Bankshares raised their price objective on StorageVault Canada from C$5.75 to C$6.00 in a research report on Wednesday, October 9th. Desjardins downgraded shares of StorageVault Canada from a “moderate buy” rating to a “hold” rating in a report on Thursday, October 24th. Cibc World Mkts upgraded shares of StorageVault Canada to a “hold” rating in a research note on Tuesday, December 17th. Raymond James decreased their price target on shares of StorageVault Canada from C$5.25 to C$4.70 in a report on Monday, January 13th. Finally, CIBC set a C$5.00 price objective on shares of StorageVault Canada and gave the company a “negative” rating in a report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, StorageVault Canada has a consensus rating of “Moderate Buy” and an average target price of C$5.62.

StorageVault Canada Stock Up 0.5 %

TSE:SVI opened at C$3.71 on Thursday. The stock has a market capitalization of C$1.38 billion, a price-to-earnings ratio of -46.38 and a beta of 0.89. StorageVault Canada has a 52 week low of C$3.66 and a 52 week high of C$5.48. The firm has a 50 day moving average of C$3.96 and a 200 day moving average of C$4.41.

Insiders Place Their Bets

In other StorageVault Canada news, insider StorageVault Canada Inc. bought 25,000 shares of StorageVault Canada stock in a transaction dated Thursday, November 14th. The stock was acquired at an average cost of C$3.92 per share, with a total value of C$97,930.00. Over the last quarter, insiders bought 33,100 shares of company stock worth $130,358. Company insiders own 38.49% of the company’s stock.

StorageVault Canada Company Profile

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.