Raymond James Lowers StorageVault Canada (CVE:SVI) Price Target to C$4.70

StorageVault Canada (CVE:SVI) had its target price cut by Raymond James from C$5.25 to C$4.70 in a note issued to investors on Monday,BayStreet.CA reports. Raymond James’ price objective points to a potential downside of 26.79% from the stock’s current price.

SVI has been the topic of a number of other reports. CIBC set a C$5.00 price target on shares of StorageVault Canada and gave the company a “negative” rating in a research note on Tuesday, December 17th. Scotiabank decreased their price target on shares of StorageVault Canada from C$5.75 to C$5.50 in a research note on Friday, October 25th. Finally, National Bankshares raised their price target on shares of StorageVault Canada from C$5.75 to C$6.00 in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$5.65.

StorageVault Canada Price Performance

StorageVault Canada stock remained flat at C$6.42 during midday trading on Monday. 168,227 shares of the company were exchanged, compared to its average volume of 147,135. The company has a market capitalization of C$2.43 billion and a P/E ratio of -71.33. StorageVault Canada has a 1 year low of C$3.68 and a 1 year high of C$7.39. The business has a 50-day moving average of C$6.42 and a two-hundred day moving average of C$6.42. The company has a quick ratio of 2.53, a current ratio of 3.04 and a debt-to-equity ratio of 687.87.

Insiders Place Their Bets

In related news, insider StorageVault Canada Inc. bought 23,000 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average price of C$4.11 per share, for a total transaction of C$94,500.10. Insiders have acquired 51,100 shares of company stock valued at $204,978 in the last ninety days.

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.