Analysts Set StorageVault Canada Inc. (TSE:SVI) Price Target at C$5.17

Shares of StorageVault Canada Inc. (TSE:SVI) have received an average rating of “Moderate Buy” from the ten analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$5.17.

SVI has been the subject of several research reports. Desjardins raised shares of StorageVault Canada from a “hold” rating to a “buy” rating and lifted their price target for the company from C$4.25 to C$5.00 in a research report on Thursday, July 24th. BMO Capital Markets set a C$5.50 price target on shares of StorageVault Canada and gave the company an “outperform” rating in a research report on Wednesday, August 27th. Scotiabank lifted their price target on shares of StorageVault Canada from C$5.00 to C$5.50 and gave the company an “outperform” rating in a research report on Tuesday, July 29th. National Bankshares lifted their price target on shares of StorageVault Canada from C$5.00 to C$6.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Finally, TD Securities lifted their price target on shares of StorageVault Canada from C$5.00 to C$5.50 and gave the company a “buy” rating in a research report on Friday, July 25th.

Insiders Place Their Bets

In other StorageVault Canada news, Director Alan Arthur Simpson sold 134,700 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of C$4.70, for a total transaction of C$633,090.00. Following the transaction, the director directly owned 381,305 shares in the company, valued at approximately C$1,792,133.50. This trade represents a 26.10% decrease in their position. In the last quarter, insiders sold 467,900 shares of company stock worth $2,204,719. 38.49% of the stock is currently owned by company insiders.

StorageVault Canada Stock Down 0.4%

Shares of SVI stock opened at C$4.81 on Wednesday. The company has a market cap of C$1.76 billion, a price-to-earnings ratio of -57.26 and a beta of 0.82. StorageVault Canada has a 52 week low of C$3.53 and a 52 week high of C$5.23. The firm has a 50 day moving average of C$4.82 and a 200-day moving average of C$4.28.

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.