StorageVault Canada Inc. (CVE:SVI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

StorageVault Canada Inc. (CVE:SVI) has been assigned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$5.88.

Several analysts recently issued reports on SVI shares. Cormark reduced their price target on shares of StorageVault Canada from C$6.25 to C$5.50 in a research report on Friday, July 26th. TD Securities raised their target price on StorageVault Canada from C$6.00 to C$6.50 in a report on Wednesday. Scotiabank decreased their price target on StorageVault Canada from C$6.25 to C$5.75 in a research note on Friday, July 26th. Finally, National Bankshares upgraded StorageVault Canada from a “sector perform” rating to an “outperform” rating and set a C$5.75 price objective for the company in a research report on Thursday, July 18th.

StorageVault Canada Stock Performance

Shares of StorageVault Canada stock opened at C$6.42 on Tuesday. The company has a quick ratio of 2.53, a current ratio of 3.04 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 capitalization of C$2.43 billion and a price-to-earnings ratio of -71.33. The firm’s 50-day moving average price is C$6.42 and its two-hundred day moving average price is C$6.42.

Insider Transactions at StorageVault Canada

In related news, insider StorageVault Canada Inc. purchased 80,000 shares of StorageVault Canada stock in a transaction on Friday, June 21st. The shares were purchased at an average price of C$4.60 per share, for a total transaction of C$368,000.00. In other news, Director Jay Lynne Fleming sold 75,500 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of C$5.00, for a total transaction of C$377,500.00. Also, insider StorageVault Canada Inc. acquired 80,000 shares of StorageVault Canada stock in a transaction dated Friday, June 21st. The shares were acquired at an average price of C$4.60 per share, with a total value of C$368,000.00.

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.