Desjardins Cuts StorageVault Canada (CVE:SVI) Price Target to C$6.00

StorageVault Canada (CVE:SVI) had its price objective reduced by Desjardins from C$6.25 to C$6.00 in a research report report published on Friday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently commented on the company. National Bankshares dropped their target price on StorageVault Canada from C$6.00 to C$5.75 and set a sector perform rating on the stock in a report on Wednesday, April 24th. Raymond James lifted 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 research note on Tuesday, January 30th. Scotiabank decreased their target price on shares of StorageVault Canada from C$6.50 to C$6.25 and set an outperform rating for the company in a research note on Friday. Royal Bank of Canada raised their price target on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the company an outperform rating in a report on Tuesday, February 27th. Finally, TD Securities cut their price objective on shares of StorageVault Canada from C$6.50 to C$6.00 and set a buy rating on the stock in a report on Thursday, April 25th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, StorageVault Canada currently has an average rating of Moderate Buy and a consensus price target of C$6.06.

StorageVault Canada Price Performance

Shares of CVE SVI opened at C$6.42 on Friday. The stock has a fifty day moving average price of C$6.42 and a 200 day moving average price of C$6.42. The company has a current ratio of 3.04, a quick ratio of 2.53 and a debt-to-equity ratio of 687.87. StorageVault Canada has a 12-month low of C$3.68 and a 12-month high of C$7.39. The company has a market cap of C$2.43 billion and a P/E ratio of -71.33.

Insider Transactions at StorageVault Canada

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