StorageVault Canada (TSE:SVI) Price Target Raised to C$5.50

Key Points

• StorageVault Canada had its price target increased by TD Securities from C$5.00 to C$5.50, indicating a potential upside of 17.52% from the previous close.
• The stock has received various ratings, with one analyst giving a "sell" rating, one a "hold," and five analysts issuing a "buy" rating, resulting in an average rating of "Moderate Buy."
• Insider transactions include the sale of 30,000 shares by Director Benjamin Harris and the acquisition of 189,500 shares by an insider, showcasing ongoing insider interest in the company's stock.
• StorageVault Canada currently has a market capitalization of C$1.72 billion and its stock has fluctuated between a fifty-two week low of C$3.53 and a high of C$5.18.

StorageVault Canada (TSE:SVI - Get Free Report) had its price objective lifted by analysts at TD Securities from C$5.00 to C$5.50 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' target price would indicate a potential upside of 15.55% from the stock's previous close.

Other analysts have also issued reports about the stock. Royal Bank Of Canada set a C$5.50 price target on shares of StorageVault Canada and gave the company an "outperform" rating in a research report on Wednesday, May 21st. CIBC decreased their price target on shares of StorageVault Canada from C$4.75 to C$4.25 in a research report on Friday, April 25th. Desjardins raised shares of StorageVault Canada from a "hold" rating to a "buy" rating and increased their price target for the company from C$4.25 to C$5.00 in a research report on Thursday, July 24th. Finally, Raymond James Financial increased their price target on shares of StorageVault Canada from C$4.70 to C$4.75 and gave the company an "outperform" rating in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of C$5.13.

StorageVault Canada Stock Up 1.1%

TSE:SVI traded up C$0.05 during mid-day trading on Friday, reaching C$4.76. The company's stock had a trading volume of 480,693 shares, compared to its average volume of 335,022. StorageVault Canada has a 1 year low of C$3.53 and a 1 year high of C$5.18. The stock has a fifty day moving average of C$4.13 and a 200-day moving average of C$3.94. The firm has a market capitalization of C$1.75 billion, a PE ratio of -34.64 and a beta of 0.89.

Insider Activity

In related news, Director Benjamin Harris sold 30,000 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of C$3.78, for a total value of C$113,439.00. Also, insider StorageVault Canada Inc. purchased 189,500 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was acquired at an average price of C$4.15 per share, for a total transaction of C$786,425.00. In the last 90 days, insiders have bought 196,000 shares of company stock worth $810,525. Corporate 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.