StorageVault Canada (TSE:SVI) Given New C$6.00 Price Target at TD Securities

StorageVault Canada (TSE:SVI) had its price objective hoisted by TD Securities from C$5.50 to C$6.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

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

StorageVault Canada Stock Performance

StorageVault Canada stock opened at C$4.95 on Thursday. StorageVault Canada has a fifty-two week low of C$3.53 and a fifty-two week high of C$5.23. The company has a market capitalization of C$1.81 billion, a P/E ratio of -58.93 and a beta of 0.82. The stock has a 50-day simple moving average of C$4.85 and a 200-day simple moving average of C$4.34.

Insider Activity at StorageVault Canada

In other news, Director Alan Arthur Simpson sold 134,700 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of C$4.70, for a total transaction of C$633,090.00. Following the sale, the director owned 381,305 shares of the company’s stock, valued at C$1,792,133.50. The trade was a 26.10% decrease in their position. Over the last 90 days, insiders sold 467,900 shares of company stock worth $2,204,719. 38.49% of the stock is owned by 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.