Royal Bank of Canada Cuts StorageVault Canada (CVE:SVI) Price Target to C$6.00

StorageVault Canada (CVE:SVI) had its price target cut by Royal Bank of Canada from C$6.25 to C$6.00 in a report published on Friday, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other brokerages also recently issued reports on SVI. Scotiabank decreased their price target on StorageVault Canada from C$6.50 to C$6.25 and set an outperform rating for the company in a report on Friday. Desjardins decreased their target price on StorageVault Canada from C$6.25 to C$6.00 and set a buy rating for the company in a research note on Friday. Raymond James dropped their price target on shares of StorageVault Canada from C$6.25 to C$5.75 and set a market perform rating on the stock in a research note on Friday. TD Securities cut their price objective on shares of StorageVault Canada from C$6.50 to C$6.00 and set a buy rating on the stock in a report on Thursday, April 25th. Finally, National Bankshares lowered their target price on shares of StorageVault Canada from C$6.00 to C$5.75 and set a sector perform rating for the company in a report on Wednesday, April 24th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, StorageVault Canada presently has an average rating of Moderate Buy and a consensus target price of C$6.06.

StorageVault Canada Price Performance

StorageVault Canada stock opened at C$6.42 on Friday. 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 company has a fifty day simple moving average of C$6.42 and a 200-day simple moving average of C$6.42. The stock has a market cap of C$2.43 billion and a P/E ratio of -71.33. StorageVault Canada has a 12-month low of C$3.68 and a 12-month high of C$7.39.

Insider Transactions at StorageVault Canada

In other StorageVault Canada news, insider StorageVault Canada Inc. bought 19,200 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were acquired at an average cost of C$5.17 per share, with a total value of C$99,179.52.

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.