StorageVault Canada Inc. (CVE:SVI) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of StorageVault Canada Inc. (CVE:SVI) have earned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$5.72.

Several equities analysts recently commented on the company. National Bankshares upped their target price on StorageVault Canada from C$5.75 to C$6.00 in a research note on Wednesday, October 9th. CIBC set a C$5.00 target price on StorageVault Canada and gave the company a “negative” rating in a research note on Tuesday, December 17th. Scotiabank dropped their target price on StorageVault Canada from C$5.75 to C$5.50 in a research note on Friday, October 25th. Finally, Raymond James dropped their target price on StorageVault Canada from C$5.75 to C$5.25 and set a “market perform” rating for the company in a research note on Thursday, October 24th.

StorageVault Canada Price Performance

Shares of CVE:SVI opened at C$6.42 on Monday. The company has a quick ratio of 2.53, a current ratio of 3.04 and a debt-to-equity ratio of 687.87. StorageVault Canada has a 52-week low of C$3.68 and a 52-week high of C$7.39. The stock’s fifty day simple moving average is C$6.42 and its 200-day simple moving average is C$6.42. The company has a market capitalization of C$2.43 billion and a P/E ratio of -71.33.

Insiders Place Their Bets

In related news, insider StorageVault Canada Inc. bought 25,000 shares of the stock in a transaction dated Thursday, November 14th. The stock was acquired at an average price of C$3.92 per share, for a total transaction of C$97,930.00. Insiders bought 51,100 shares of company stock worth $204,978 over the last three months.

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.