Analysts Set StorageVault Canada Inc. (TSE:SVI) Price Target at C$5.25

Key Points

• StorageVault Canada Inc. has received a "Moderate Buy" average rating from analysts, with a target price of C$5.25 and five buy recommendations against one sell and one hold.
• Insiders have purchased a total of 196,000 shares of the company's stock valued at approximately C$810,525 over the last ninety days, indicating confidence in the company’s future.
• The stock price of StorageVault increased by 1.1%, trading at C$4.66, with a market capitalization of C$1.71 billion.

StorageVault Canada Inc. (TSE:SVI - Get Free Report) has received an average recommendation of "Moderate Buy" from the seven analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$5.09.

A number of equities analysts recently weighed in on SVI shares. Royal Bank Of Canada set a C$5.50 target price on shares of StorageVault Canada and gave the stock an "outperform" rating in a report on Wednesday, May 21st. CIBC lowered their target price on shares of StorageVault Canada from C$4.75 to C$4.25 in a report on Friday, April 25th. TD Securities upped their price objective on shares of StorageVault Canada from C$5.00 to C$5.50 and gave the company a "buy" rating in a report on Friday. Raymond James Financial upped their price objective on shares of StorageVault Canada from C$4.70 to C$4.75 and gave the company an "outperform" rating in a report on Thursday, April 24th. Finally, Desjardins upgraded shares of StorageVault Canada from a "hold" rating to a "buy" rating and upped their price objective for the company from C$4.25 to C$5.00 in a report on Thursday.

Insider Activity at StorageVault Canada

In other StorageVault Canada news, Director Benjamin Harris sold 30,000 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of C$3.78, for a total transaction of C$113,439.00. Also, insider StorageVault Canada Inc. purchased 189,500 shares of the business's stock in a transaction on Friday, May 30th. The shares were acquired at an average price of C$4.15 per share, for a total transaction of C$786,425.00. Insiders bought 196,000 shares of company stock valued at $810,525 in the last ninety days. 38.49% of the stock is currently owned by insiders.

StorageVault Canada Stock Performance

SVI remained flat at C$4.66 during trading on Friday. 55,524 shares of the company were exchanged, compared to its average volume of 331,812. The company has a market cap of C$1.71 billion, a PE ratio of -33.92 and a beta of 0.89. StorageVault Canada has a fifty-two week low of C$3.53 and a fifty-two week high of C$5.18. The business's fifty day moving average price is C$4.10 and its 200 day moving average price is C$3.92.

About StorageVault Canada

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.