Desjardins Begins Coverage on StorageVault Canada (OTCMKTS:SVAUF)

Research analysts at Desjardins started coverage on shares of StorageVault Canada (OTCMKTS:SVAUF) in a research note issued to investors on Monday, FlyOnTheWall reports. The brokerage set a “buy” rating on the stock.

Other equities analysts also recently issued reports about the stock. Raymond James lowered their price objective on shares of StorageVault Canada from C$6.75 to C$5.75 in a research note on Friday, July 28th. TD Securities cut their price objective on StorageVault Canada from C$7.50 to C$7.00 in a research report on Thursday, July 27th. Royal Bank of Canada decreased their target price on StorageVault Canada from C$7.50 to C$6.50 in a report on Friday, July 28th. Scotiabank dropped their price target on StorageVault Canada from C$7.00 to C$6.50 in a research note on Friday, July 28th. Finally, National Bank Financial downgraded shares of StorageVault Canada to a “sector perform” rating in a research report on Friday, July 28th.

StorageVault Canada Price Performance

StorageVault Canada stock remained flat at $3.45 during mid-day trading on Monday. 167,351 shares of the company’s stock traded hands, compared to its average volume of 5,688. The business has a 50 day moving average of $3.78 and a 200 day moving average of $4.19. StorageVault Canada has a 1-year low of $3.45 and a 1-year high of $5.09.

StorageVault Canada Company Profile

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 Fees. The company manages 34 stores owned by third parties; and stores, shreds, and manages documents and records for customers.