StorageVault Canada (TSE:SVI) Given New C$6.00 Price Target at National Bankshares

Key Points

• StorageVault Canada has had its price target raised from C$5.00 to C$6.00 by National Bankshares, indicating a potential upside of 23.71% from the current price.
• The stock is currently rated as a "Moderate Buy" with eight analysts giving it a Buy rating and an average price target of C$5.17.
• The company's stock recently saw a drop of 2.0%, trading at C$4.85, while insiders have sold a total of 467,900 shares in the last 90 days.

StorageVault Canada (TSE:SVI - Get Free Report) had its price target lifted by investment analysts at National Bankshares from C$5.00 to C$6.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' target price would indicate a potential upside of 23.71% from the company's current price.

A number of other research analysts also recently commented on the stock. BMO Capital Markets 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, August 27th. TD Securities boosted their price target 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, July 25th. Desjardins raised shares of StorageVault Canada from a "hold" rating to a "buy" rating and upped their target price for the stock from C$4.25 to C$5.00 in a report on Thursday, July 24th. Finally, Scotiabank increased their price objective on shares of StorageVault Canada from C$5.00 to C$5.50 and gave the stock an "outperform" rating in a report on Tuesday, July 29th. Eight research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, StorageVault Canada presently has a consensus rating of "Moderate Buy" and an average price target of C$5.17.

StorageVault Canada Stock Down 2.0%

Shares of StorageVault Canada stock traded down C$0.10 during trading on Wednesday, hitting C$4.85. The stock had a trading volume of 376,278 shares, compared to its average volume of 312,515. The stock has a 50 day simple moving average of C$4.81 and a 200 day simple moving average of C$4.26. The company has a market capitalization of C$1.77 billion, a PE ratio of -57.74 and a beta of 0.82. StorageVault Canada has a 1 year low of C$3.53 and a 1 year high of C$5.23.

Insider Buying and Selling

In other StorageVault Canada news, Director Alan Arthur Simpson sold 134,700 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of C$4.70, for a total transaction of C$633,090.00. Following the sale, the director directly owned 381,305 shares in the company, valued at approximately C$1,792,133.50. This trade represents a 26.10% decrease in their position. In the last 90 days, insiders have sold 467,900 shares of company stock worth $2,204,719. Company insiders own 38.49% of the company's stock.

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.

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