StorageVault Canada (TSE:SVI) Shares Up 1.3% – Should You Buy?

Shares of StorageVault Canada Inc. (TSE:SVI) rose 1.3% on Wednesday . The company traded as high as C$4.58 and last traded at C$4.54. Approximately 206,915 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 312,370 shares. The stock had previously closed at C$4.48.

Analysts Set New Price Targets

SVI has been the topic of several analyst reports. Royal Bank Of Canada boosted their price objective on StorageVault Canada from C$6.00 to C$6.25 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Raymond James Financial upgraded StorageVault Canada from an “outperform” rating to a “strong-buy” rating and lowered their price target for the stock from C$5.50 to C$5.25 in a research report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$5.81.

StorageVault Canada Stock Performance

The company has a market cap of C$1.63 billion, a PE ratio of -109.02 and a beta of 0.82. The stock has a fifty day moving average of C$4.72 and a 200-day moving average of C$4.61.

StorageVault Canada (TSE:SVI) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported C($0.02) EPS for the quarter. StorageVault Canada had a negative return on equity of 16.05% and a negative net margin of 4.32%.The company had revenue of C$91.09 million during the quarter.

Insider Activity

In other news, insider Access Self Storage Inc. acquired 89,700 shares of the company’s stock in a transaction that occurred on Wednesday, July 15th. The shares were bought at an average price of C$4.60 per share, with a total value of C$412,620.00. Following the completion of the purchase, the insider directly owned 136,992,005 shares in the company, valued at C$630,163,223. This trade represents a 0.07% increase in their ownership of the stock. Insiders own 38.49% of the company’s stock.

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. The Portable Storage segment involves delivering a portable storage unit to the customer. The Management Division involves revenues generated from the management of stores owned by third parties.