StorageVault Canada Inc. (TSE:SVI) Stock Has Average Price Target of C$5.52 According to Brokerages

StorageVault Canada Inc. (TSE:SVI) has been assigned a consensus rating of “Buy” from the six brokerages that are covering the company, Marketbeat.com reports. Six analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$5.52.

Several brokerages have recently commented on SVI. Royal Bank Of Canada upped their price target on StorageVault Canada from C$6.00 to C$6.25 and gave the company an “outperform” rating in a research note on Friday, July 24th. Raymond James Financial downgraded StorageVault Canada from a “strong-buy” rating to a “moderate buy” rating and cut their price objective for the stock from C$5.75 to C$5.25 in a research report on Friday, October 2nd. Desjardins dropped their price target on shares of StorageVault Canada from C$6.00 to C$5.25 and set a “buy” rating for the company in a research report on Friday, October 23rd. National Bank Financial reduced their price target on shares of StorageVault Canada from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 21st. Finally, ATB Cormark Capital Markets decreased their price objective on shares of StorageVault Canada from C$6.00 to C$5.15 and set an “outperform” rating on the stock in a report on Friday, October 23rd.

StorageVault Canada Price Performance

Shares of TSE:SVI opened at C$4.16 on Friday. The business’s 50 day moving average price is C$4.19 and its 200-day moving average price is C$4.51. The firm has a market capitalization of C$1.52 billion, a PE ratio of -36.17 and a beta of 0.76. StorageVault Canada has a 1 year low of C$4.00 and a 1 year high of C$5.39.

StorageVault Canada (TSE:SVI) last posted its quarterly earnings data on Wednesday, October 21st. The company reported C($0.02) EPS for the quarter. The firm had revenue of C$94.24 million during the quarter. StorageVault Canada had a negative net margin of 11.77% and a negative return on equity of 50.22%.

Insider Transactions at StorageVault Canada

In other news, insider Access Self Storage Inc. acquired 103,987 shares of the company’s stock in a transaction dated Thursday, October 15th. The stock was acquired at an average cost of C$3.99 per share, with a total value of C$414,908.13. Following the completion of the purchase, the insider owned 137,095,992 shares of the company’s stock, valued at C$547,013,008.08. This represents a 0.08% increase in their position. Also, Director Deborah Wallis Robinson acquired 7,242 shares of the business’s stock in a transaction that occurred on Friday, October 30th. The stock was purchased at an average price of C$4.03 per share, for a total transaction of C$29,185.26. Following the acquisition, the director directly owned 20,388 shares in the company, valued at approximately C$82,163.64. This trade represents a 55.09% increase in their position. Insiders bought a total of 155,511 shares of company stock worth $628,721 over the last ninety days. Company insiders own 38.49% of the company’s stock.

StorageVault Canada Company Profile

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.