StorageVault Canada (CVE:SVI) Price Target Cut to C$5.75 by Analysts at Raymond James

StorageVault Canada (CVE:SVI) had its price objective reduced by equities research analysts at Raymond James from C$6.25 to C$5.75 in a research note issued on Friday, BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. Raymond James’ price objective indicates a potential downside of 10.44% from the stock’s previous close.

Several other research firms have also weighed in on SVI. Desjardins dropped their price objective on shares of StorageVault Canada from C$6.25 to C$6.00 and set a “buy” rating on the stock in a research note on Friday. Scotiabank dropped their price target on shares of StorageVault Canada from C$6.50 to C$6.25 and set an “outperform” rating on the stock in a research note on Friday. TD Securities cut their price objective on StorageVault Canada from C$6.50 to C$6.00 and set a “buy” rating for the company in a report on Thursday. Royal Bank of Canada boosted their target price on StorageVault Canada from C$6.00 to C$6.25 and gave the company an “outperform” rating in a research note on Tuesday, February 27th. Finally, National Bankshares lowered their price target on StorageVault Canada from C$6.00 to C$5.75 and set a “sector perform” rating for the company in a research note on Wednesday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$6.06.

StorageVault Canada Stock Performance

Shares of CVE:SVI remained flat at C$6.42 during trading on Friday. 168,227 shares of the stock were exchanged, compared to its average volume of 147,135. The business’s fifty day moving average is C$6.42 and its two-hundred day moving average is C$6.42. The firm has a market cap of C$2.43 billion and a price-to-earnings ratio of -71.33. StorageVault Canada has a 12 month low of C$3.68 and a 12 month high of C$7.39. The company has a debt-to-equity ratio of 687.87, a current ratio of 3.04 and a quick ratio of 2.53.

Insiders Place Their Bets

In other news, insider StorageVault Canada Inc. acquired 19,200 shares of StorageVault Canada stock in a transaction on Thursday, March 28th. The stock was bought at an average price of C$5.17 per share, for a total transaction of C$99,179.52.

About StorageVault Canada

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.