CIBC Analysts Give StorageVault Canada (CVE:SVI) a C$5.00 Price Target

CIBC set a C$5.00 target price on StorageVault Canada (CVE:SVI) in a research report released on Tuesday,BayStreet.CA reports. The brokerage currently has a negative rating on the stock.

Several other equities research analysts also recently issued reports on SVI. National Bankshares increased their target price on StorageVault Canada from C$5.75 to C$6.00 in a research note on Wednesday, October 9th. Raymond James dropped their price objective on shares of StorageVault Canada from C$5.75 to C$5.25 and set a “market perform” rating on the stock in a research note on Thursday, October 24th. TD Securities upped their target price on shares of StorageVault Canada from C$6.00 to C$6.50 in a research note on Wednesday, September 4th. Finally, Scotiabank lowered their price target on shares of StorageVault Canada from C$5.75 to C$5.50 in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$5.72.

StorageVault Canada Stock Performance

Shares of SVI stock opened at C$6.42 on Tuesday. The firm has a 50-day moving average price of C$6.42 and a 200 day moving average price of C$6.42. 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 company has a market capitalization of C$2.43 billion and a price-to-earnings ratio of -71.33. StorageVault Canada has a twelve month low of C$3.68 and a twelve month high of C$7.39.

Insider Activity

In related news, insider StorageVault Canada Inc. acquired 23,000 shares of StorageVault Canada stock in a transaction dated Thursday, October 31st. The stock was acquired at an average cost of C$4.11 per share, with a total value of C$94,500.10. Over the last ninety days, insiders have acquired 51,100 shares of company stock valued at $204,978.

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.