StorageVault Canada (CVE:SVI) PT Lowered to C$5.75 at National Bankshares

StorageVault Canada (CVE:SVI) had its price objective lowered by National Bankshares from C$6.00 to C$5.75 in a research report released on Wednesday morning, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Several other equities analysts also recently issued reports on the stock. Raymond James increased their price objective on shares of StorageVault Canada from C$5.75 to C$6.00 and gave the company a market perform rating in a report on Tuesday, January 30th. Royal Bank of Canada raised their price target on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the stock an outperform rating in a research note on Tuesday, February 27th. Finally, Desjardins raised their price target on shares of StorageVault Canada from C$5.75 to C$6.25 and gave the stock a buy rating in a research note on Friday, February 23rd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of C$6.06.

StorageVault Canada Stock Performance

SVI opened at C$6.42 on Wednesday. The company has a quick ratio of 2.53, a current ratio of 3.04 and a debt-to-equity ratio of 687.87. The company has a market cap of C$2.43 billion and a price-to-earnings ratio of -71.33. StorageVault Canada has a 52-week low of C$3.68 and a 52-week high of C$7.39. The firm’s fifty day simple moving average is C$6.42 and its two-hundred day simple moving average is C$6.42.

Insider Buying and Selling

In other news, insider StorageVault Canada Inc. acquired 19,200 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was purchased at an average cost 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.