Brokerages Set StorageVault Canada Inc. (TSE:SVI) PT at C$5.13

Key Points

• StorageVault Canada Inc. has received an average rating of "Moderate Buy" from analysts, with six buy ratings, one hold, and one sell rating.
• The average price objective among brokerages for StorageVault Canada is C$5.13, with some analysts setting higher targets, such as C$5.50 by Royal Bank of Canada.
• Insider activity includes a sale of 54,500 shares by Director Alan Arthur Simpson, while another insider purchased 189,500 shares, indicating a strong interest from corporate insiders.

StorageVault Canada Inc. (TSE:SVI - Get Free Report) has received an average rating of "Moderate Buy" from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$5.13.

Several brokerages have issued reports on SVI. TD Securities increased 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 research report on Friday, July 25th. CIBC lowered their price target on shares of StorageVault Canada from C$4.75 to C$4.25 in a report on Friday, April 25th. Scotiabank lifted their price target on shares of StorageVault Canada from C$5.00 to C$5.50 and gave the stock an "outperform" rating in a research note on Tuesday, July 29th. Royal Bank Of Canada set a C$5.50 price objective on shares of StorageVault Canada and gave the company an "outperform" rating in a research report on Wednesday, May 21st. Finally, Desjardins upgraded StorageVault Canada from a "hold" rating to a "buy" rating and raised their target price for the company from C$4.25 to C$5.00 in a research note on Thursday, July 24th.

StorageVault Canada Stock Performance

Shares of TSE:SVI traded up C$0.10 during mid-day trading on Tuesday, hitting C$4.76. 409,349 shares of the company traded hands, compared to its average volume of 329,238. The firm's 50 day simple moving average is C$4.36 and its 200 day simple moving average is C$4.04. The firm has a market cap of C$1.75 billion, a P/E ratio of -34.64 and a beta of 0.89. StorageVault Canada has a 52-week low of C$3.53 and a 52-week high of C$5.18.

Insider Activity at StorageVault Canada

In other news, Director Alan Arthur Simpson sold 54,500 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of C$4.68, for a total transaction of C$255,060.00. Also, insider StorageVault Canada Inc. purchased 189,500 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was bought at an average price of C$4.15 per share, with a total value of C$786,425.00. 38.49% of the stock is owned by insiders.

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.