StorageVault Canada (CVE:SVI) Price Target Cut to C$6.00 by Analysts at Royal Bank of Canada

StorageVault Canada (CVE:SVI) had its target price trimmed by Royal Bank of Canada from C$6.25 to C$6.00 in a research report sent to investors on Friday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other research analysts have also recently issued research reports about the company. Scotiabank cut their target price on StorageVault Canada from C$6.50 to C$6.25 and set an outperform rating on the stock in a research note on Friday. Desjardins cut their target price on StorageVault Canada from C$6.25 to C$6.00 and set a buy rating on the stock in a research note on Friday. TD Securities cut their target price on StorageVault Canada from C$6.50 to C$6.00 and set a buy rating on the stock in a research note on Thursday. Raymond James cut their target price on StorageVault Canada from C$6.25 to C$5.75 and set a market perform rating on the stock in a research note on Friday. 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 report on Wednesday. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, StorageVault Canada currently has a consensus rating of Moderate Buy and an average target price of C$6.06.

StorageVault Canada Stock Performance

SVI opened at C$6.42 on Friday. The stock has a market cap of C$2.43 billion and a price-to-earnings ratio of -71.33. The stock’s 50 day moving average price is C$6.42 and its 200-day moving average price is C$6.42. StorageVault Canada has a one year low of C$3.68 and a one year high of C$7.39. The company has a debt-to-equity ratio of 687.87, a quick ratio of 2.53 and a current ratio of 3.04.

Insider Activity at StorageVault Canada

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

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.