Scotiabank Lowers StorageVault Canada (TSE:SVI) Price Target to C$5.25

StorageVault Canada (TSE:SVI) had its price target reduced by Scotiabank from C$5.50 to C$5.25 in a research note issued to investors on Thursday,BayStreet.CA reports.

SVI has been the topic of a number of other reports. CIBC set a C$5.00 target price on shares of StorageVault Canada and gave the stock a “negative” rating in a research note on Tuesday, December 17th. Raymond James reduced their price objective on StorageVault Canada from C$5.25 to C$4.70 in a research report on Monday, January 13th. National Bankshares upped their target price on StorageVault Canada from C$5.75 to C$6.00 in a report on Wednesday, October 9th. Cibc World Mkts upgraded StorageVault Canada to a “hold” rating in a report on Tuesday, December 17th. Finally, Desjardins lowered shares of StorageVault Canada from a “moderate buy” rating to a “hold” rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$5.62.

StorageVault Canada Stock Up 0.5 %

Shares of TSE SVI opened at C$3.71 on Thursday. The firm has a 50-day simple moving average of C$3.96 and a 200-day simple moving average of C$4.41. The stock has a market capitalization of C$1.38 billion, a price-to-earnings ratio of -46.38 and a beta of 0.89. StorageVault Canada has a 52 week low of C$3.66 and a 52 week high of C$5.48.

Insider Activity

In other news, insider StorageVault Canada Inc. acquired 25,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were purchased at an average price of C$3.92 per share, for a total transaction of C$97,930.00. In the last three months, insiders have purchased 33,100 shares of company stock valued at $130,358. Company insiders own 38.49% of the company’s stock.

StorageVault Canada Company Profile

StorageVault Canada Inc is engaged in the business of owning, operating, and leasing storage to individual and commercial customers across Canada. The company operates through three segments. Its Self Storage segment consists of renting space at the company’s property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations.