StorageVault Canada (TSE:SVI) Given New C$4.25 Price Target at Desjardins

StorageVault Canada (TSE:SVI - Get Free Report) had its price target lowered by equities researchers at Desjardins from C$4.75 to C$4.25 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has a "hold" rating on the stock. Desjardins' price target would indicate a potential upside of 14.86% from the company's current price.

SVI has been the topic of a number of other reports. Raymond James raised their price objective on StorageVault Canada from C$4.70 to C$4.75 and gave the stock an "outperform" rating in a report on Thursday. CIBC dropped their price objective on shares of StorageVault Canada from C$4.75 to C$4.25 in a research report on Friday. Scotiabank decreased their price target on shares of StorageVault Canada from C$5.50 to C$5.25 in a research report on Thursday, January 30th. Finally, Canaccord Genuity Group upgraded StorageVault Canada from a "hold" rating to a "buy" rating and reduced their price objective for the stock from C$5.00 to C$4.50 in a research note on Monday, February 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of C$5.13.

StorageVault Canada Price Performance

TSE:SVI traded up C$0.02 during trading hours on Monday, reaching C$3.70. 110,763 shares of the company traded hands, compared to its average volume of 419,984. The stock has a market cap of C$1.36 billion, a P/E ratio of -26.93 and a beta of 0.89. The firm's 50-day moving average is C$3.85 and its 200-day moving average is C$3.97. StorageVault Canada has a 1-year low of C$3.53 and a 1-year high of C$5.26.

Insiders Place Their Bets

In other StorageVault Canada news, insider StorageVault Canada Inc. bought 10,200 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of C$3.97 per share, for a total transaction of C$40,446.06. Company insiders own 38.49% of the company's stock.

StorageVault Canada Company Profile

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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