StorageVault Canada (CVE:SVI) PT Set at C$6.00 by Desjardins

StorageVault Canada (CVE:SVI) has been assigned a C$6.00 target price by investment analysts at Desjardins in a research note issued on Tuesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential downside of 6.54% from the stock’s current price.

Several other research firms have also weighed in on SVI. Raymond James reduced their price objective on shares of StorageVault Canada from C$6.75 to C$5.75 and set a “market perform” rating for the company in a research report on Friday, July 28th. Cormark dropped their price target on StorageVault Canada from C$7.25 to C$7.00 and set a “buy” rating on the stock in a report on Monday, August 21st. TD Securities cut their price objective on StorageVault Canada from C$7.50 to C$7.00 and set a “buy” rating for the company in a research report on Thursday, July 27th. National Bankshares reduced their price objective on StorageVault Canada from C$6.25 to C$5.50 in a research note on Friday, July 28th. Finally, Royal Bank of Canada reduced their price objective on StorageVault Canada from C$7.50 to C$6.50 and set an “outperform” rating for the company in a research note on Friday, July 28th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, StorageVault Canada has an average rating of “Moderate Buy” and a consensus price target of C$6.39.

StorageVault Canada Price Performance

Shares of StorageVault Canada stock remained flat at C$6.42 on Tuesday. 168,227 shares of the stock traded hands, compared to its average volume of 147,135. The business has a 50 day simple moving average of C$6.42 and a 200-day simple moving average of C$6.42. The company has a current ratio of 3.04, a quick ratio of 2.53 and a debt-to-equity ratio of 687.87. The stock has a market cap of C$2.43 billion and a P/E ratio of -71.33. StorageVault Canada has a twelve month low of C$3.68 and a twelve month high of C$7.39.

About StorageVault Canada

StorageVault Canada Inc owns, manages, and rents self-storage and portable storage space in Canada. It operates through three segments: Self Storage, Portable Storage, and Management Division. The company manages 45 stores owned by third parties; and stores, shreds, and manages documents and records for customers.