Scotiabank Has Lowered Expectations for StorageVault Canada (TSE:SVI) Stock Price

StorageVault Canada (TSE:SVI - Get Free Report) had its target price lowered by investment analysts at Scotiabank from C$5.50 to C$5.25 in a note issued to investors on Thursday,BayStreet.CA reports. Scotiabank's target price suggests a potential upside of 43.05% from the company's current price.

A number of other analysts have also recently issued reports on SVI. Raymond James lowered their target price on StorageVault Canada from C$5.25 to C$4.70 in a research note on Monday, January 13th. CIBC set a C$5.00 price target on StorageVault Canada and gave the company a "negative" rating in a research note on Tuesday, December 17th. Desjardins cut StorageVault Canada from a "moderate buy" rating to a "hold" rating in a research report on Thursday, October 24th. National Bankshares increased their price objective on StorageVault Canada from C$5.75 to C$6.00 in a report on Wednesday, October 9th. Finally, Cibc World Mkts raised StorageVault Canada to a "hold" rating in a research report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$5.62.

StorageVault Canada Stock Up 0.5 %

TSE:SVI traded up C$0.02 on Thursday, reaching C$3.67. The stock had a trading volume of 505,430 shares, compared to its average volume of 345,664. The company has a market capitalization of C$1.37 billion, a P/E ratio of -45.88 and a beta of 0.89. StorageVault Canada has a 1-year low of C$3.55 and a 1-year high of C$5.48. The stock has a fifty day moving average price of C$3.95 and a 200-day moving average price of C$4.40.

Insiders Place Their Bets

In other news, insider StorageVault Canada Inc. purchased 25,000 shares of StorageVault Canada stock in a transaction that occurred on Thursday, November 14th. The shares were acquired at an average price of C$3.92 per share, for a total transaction of C$97,930.00. Insiders have bought 33,100 shares of company stock worth $130,358 in the last 90 days. Company 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.