StorageVault Canada (TSE:SVI) Given New C$5.50 Price Target at TD Securities

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 target lifted by investment analysts at TD Securities from C$5.00 to C$5.50 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD Securities' target price would suggest a potential upside of 17.52% from the company's previous close.

SVI has been the topic of a number of other reports. Raymond James Financial increased 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 research report on Thursday, April 24th. 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 research report on Wednesday, May 21st. CIBC lowered their price objective on shares of StorageVault Canada from C$4.75 to C$4.25 in a research report on Friday, April 25th. Finally, Desjardins raised shares of StorageVault Canada from a "hold" rating to a "buy" rating and raised their price objective for the stock from C$4.25 to C$5.00 in a research report on Thursday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, StorageVault Canada currently has an average rating of "Moderate Buy" and a consensus price target of C$5.14.

StorageVault Canada Price Performance

Shares of SVI stock traded up C$0.07 during trading hours on Friday, hitting C$4.68. The company had a trading volume of 299,125 shares, compared to its average volume of 332,531. The stock has a market capitalization of C$1.72 billion, a PE ratio of -34.06 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 company's fifty day moving average is C$4.08 and its 200 day moving average is C$3.92.

Insider Transactions at StorageVault Canada

In other StorageVault Canada news, Director Benjamin Harris sold 30,000 shares of StorageVault Canada stock in a transaction dated Monday, May 5th. The shares were sold at an average price of C$3.78, for a total transaction of C$113,439.00. Also, insider StorageVault Canada Inc. acquired 189,500 shares of the business's stock in a transaction dated Friday, May 30th. The stock was purchased at an average cost of C$4.15 per share, with a total value of C$786,425.00. In the last 90 days, insiders have acquired 196,000 shares of company stock valued at $810,525. 38.49% of the stock is currently owned by company insiders.

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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