StorageVault Canada (TSE:SVI) Stock Rating Upgraded by Desjardins

StorageVault Canada (TSE:SVI - Get Free Report) was upgraded by equities researchers at Desjardins from a "hold" rating to a "buy" rating in a report issued on Thursday, July 24th, Marketbeat reports. The firm currently has a C$5.00 target price on the stock, up from their prior target price of C$4.25. Desjardins' price objective would suggest a potential upside of 6.61% from the stock's previous close. Desjardins also issued estimates for StorageVault Canada's FY2025 earnings at $0.23 EPS, FY2026 earnings at $0.26 EPS and FY2027 earnings at $0.29 EPS.

SVI has been the subject of several other reports. Raymond James Financial lifted their target price on StorageVault Canada from C$4.70 to C$4.75 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Royal Bank Of Canada set a C$5.50 price objective on StorageVault Canada and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. Finally, CIBC decreased their price objective on StorageVault Canada from C$4.75 to C$4.25 in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, StorageVault Canada currently has an average rating of "Moderate Buy" and a consensus target price of C$5.13.

StorageVault Canada Price Performance

SVI stock opened at C$4.69 on Thursday. The business has a fifty day moving average price of C$4.15 and a 200 day moving average price of C$3.94. StorageVault Canada has a fifty-two week low of C$3.53 and a fifty-two week high of C$5.18. The stock has a market capitalization of C$1.73 billion, a price-to-earnings ratio of -34.13 and a beta of 0.89.

Insider Activity

In other StorageVault Canada news, insider StorageVault Canada Inc. bought 189,500 shares of StorageVault Canada stock in a transaction on Friday, May 30th. The shares were purchased at an average cost of C$4.15 per share, for a total transaction of C$786,425.00. Also, Director Benjamin Harris sold 30,000 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of C$3.78, for a total value of C$113,439.00. 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.