StorageVault Canada (TSE:SVI) Price Target Raised to C$6.00 at TD Securities

Key Points

• TD Securities has raised its price target for StorageVault Canada from C$5.50 to C$6.00, suggesting a potential upside of 21.46% from the company's current stock price, which aligns with a "buy" rating.
• Multiple analysts, including National Bankshares and Scotiabank, have also increased their price targets and ratings for the stock, reflecting a consensus rating of "Moderate Buy" with an average target price of C$5.22.
• Director Alan Arthur Simpson recently sold 134,700 shares, indicating a significant decrease in insider holdings, with insiders collectively selling 467,900 shares over the past quarter.

StorageVault Canada (TSE:SVI - Get Free Report) had its target price increased by analysts at TD Securities from C$5.50 to C$6.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD Securities' price objective would suggest a potential upside of 21.46% from the company's current price.

A number of other analysts also recently issued reports on SVI. National Bankshares raised their price target on shares of StorageVault Canada from C$5.00 to C$6.00 and gave the company an "outperform" rating in a report on Wednesday, October 8th. BMO Capital Markets set a C$5.50 target price on shares of StorageVault Canada and gave the stock an "outperform" rating in a research report on Wednesday, August 27th. Scotiabank boosted their target price on shares of StorageVault Canada from C$5.00 to C$5.50 and gave the company an "outperform" rating in a research note on Tuesday, July 29th. Finally, Desjardins upgraded StorageVault Canada from a "hold" rating to a "buy" rating and raised their price target for the stock from C$4.25 to C$5.00 in a research note on Thursday, July 24th. Eight analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$5.22.

StorageVault Canada Price Performance

Shares of StorageVault Canada stock traded down C$0.15 during trading on Thursday, hitting C$4.94. 215,976 shares of the company's stock traded hands, compared to its average volume of 311,320. StorageVault Canada has a 1 year low of C$3.53 and a 1 year high of C$5.23. The business has a 50-day simple moving average of C$4.85 and a 200-day simple moving average of C$4.33. The stock has a market capitalization of C$1.80 billion, a P/E ratio of -58.81 and a beta of 0.82.

Insider Buying and Selling

In related news, Director Alan Arthur Simpson sold 134,700 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of C$4.70, for a total value of C$633,090.00. Following the transaction, the director directly owned 381,305 shares of the company's stock, valued at approximately C$1,792,133.50. This trade represents a 26.10% decrease in their position. Over the last quarter, insiders sold 467,900 shares of company stock valued at $2,204,719. 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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