StorageVault Canada (TSE:SVI) Given New C$4.75 Price Target at CIBC

StorageVault Canada (TSE:SVI) had its price target cut by investment analysts at CIBC from C$5.00 to C$4.75 in a research report issued on Monday,BayStreet.CA reports. CIBC’s price target would indicate a potential upside of 19.65% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the stock. Cibc World Mkts upgraded shares of StorageVault Canada to a “hold” rating in a research note on Tuesday, December 17th. Scotiabank decreased their price target on shares of StorageVault Canada from C$5.50 to C$5.25 in a research report on Thursday, January 30th. Finally, Raymond James raised shares of StorageVault Canada from a “hold” rating to a “moderate buy” rating in a research report on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, StorageVault Canada presently has an average rating of “Moderate Buy” and a consensus price target of C$5.47.

StorageVault Canada Trading Down 0.7 %

TSE:SVI traded down C$0.03 during mid-day trading on Monday, hitting C$3.97. 188,089 shares of the company’s stock traded hands, compared to its average volume of 335,494. The firm has a 50 day moving average of C$3.87 and a two-hundred day moving average of C$4.29. The firm has a market capitalization of C$1.46 billion, a price-to-earnings ratio of -28.89 and a beta of 0.89. StorageVault Canada has a 12 month low of C$3.55 and a 12 month high of C$5.48.

Insider Transactions at StorageVault Canada

In related news, insider StorageVault Canada Inc. acquired 50,000 shares of the company’s stock in a transaction on Friday, January 17th. The stock was purchased at an average cost of C$3.95 per share, for a total transaction of C$197,440.00. In the last three months, insiders acquired 58,100 shares of company stock valued at $229,868. 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.