StorageVault Canada Inc. (TSE:SVI) Stock Rated “Moderate Buy” by Sell-Side Analysts

StorageVault Canada Inc. (TSE:SVI) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$5.86.

A number of research firms recently commented on SVI. Raymond James Financial downgraded StorageVault Canada from a “strong-buy” rating to a “moderate buy” rating and decreased their price target for the stock from C$5.75 to C$5.25 in a research note on Friday, October 2nd. Royal Bank Of Canada increased their target price on StorageVault Canada from C$6.00 to C$6.25 and gave the stock an “outperform” rating in a report on Friday, July 24th.

Insider Buying and Selling at StorageVault Canada

In other news, insider Storagevault Canada Inc. purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The shares were acquired at an average cost of C$4.13 per share, with a total value of C$41,300.00. Following the transaction, the insider owned 20,000 shares in the company, valued at approximately C$82,600. The trade was a 100.00% increase in their position. In the last ninety days, insiders purchased 44,282 shares of company stock valued at $184,627. 38.49% of the stock is currently owned by insiders.

StorageVault Canada Price Performance

Shares of TSE SVI opened at C$4.32 on Monday. StorageVault Canada has a fifty-two week low of C$4.02 and a fifty-two week high of C$5.39. The firm has a market cap of C$1.58 billion, a PE ratio of -105.37 and a beta of 0.79. The business has a 50 day moving average price of C$4.29 and a two-hundred day moving average price of C$4.47.

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

About StorageVault Canada

StorageVault currently owns and operates 275 storage locations across Canada. StorageVault owns 243 of these locations plus over 5,000 portable storage units representing over 13.8 million rentable square feet on 802 acres of land. StorageVault also provides last mile storage and logistics solutions and professional records management services, such as document and media storage, imaging and shredding services.