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StorageVault Canada Inc. (TSE:SVI) Given Average Recommendation of "Moderate Buy" by Brokerages

StorageVault Canada logo with Real Estate background

Shares of StorageVault Canada Inc. (TSE:SVI - Get Free Report) have received a consensus rating of "Moderate Buy" from the seven research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is C$5.14.

Several equities analysts have issued reports on the stock. 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 research note on Thursday. Royal Bank Of Canada set a C$5.50 target price on shares of StorageVault Canada and gave the company an "outperform" rating in a report on Wednesday, May 21st. Raymond James Financial lifted their target price 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. CIBC cut their target price on shares of StorageVault Canada from C$4.75 to C$4.25 in a report on Friday, April 25th. Finally, TD Securities lifted their target price 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.

Read Our Latest Stock Analysis on SVI

StorageVault Canada Price Performance

Shares of SVI stock traded up C$0.05 during trading on Friday, hitting C$4.66. 465,804 shares of the stock traded hands, compared to its average volume of 333,767. The firm has a market capitalization of C$1.71 billion, a P/E ratio of -33.92 and a beta of 0.89. The firm's fifty day moving average price is C$4.10 and its 200-day moving average price is C$3.93. StorageVault Canada has a 52-week low of C$3.53 and a 52-week high of C$5.18.

Insider Buying and Selling at StorageVault Canada

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

About StorageVault Canada

(Get Free Report

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.

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Analyst Recommendations for StorageVault Canada (TSE:SVI)

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