StorageVault Canada (TSE:SVI) Director Alan Arthur Simpson Sells 25,000 Shares

StorageVault Canada Inc. (TSE:SVI) Director Alan Arthur Simpson sold 25,000 shares of StorageVault Canada stock in a transaction dated Friday, August 15th. The shares were sold at an average price of C$4.77, for a total transaction of C$119,250.00. Following the completion of the sale, the director owned 635,005 shares in the company, valued at approximately C$3,028,973.85. This represents a 3.79% decrease in their ownership of the stock.

Alan Arthur Simpson also recently made the following trade(s):

• On Thursday, August 14th, Alan Arthur Simpson sold 100,000 shares of StorageVault Canada stock. The stock was sold at an average price of C$4.70, for a total transaction of C$470,000.00.
• On Friday, August 15th, Alan Arthur Simpson sold 1,700 shares of StorageVault Canada stock. The stock was sold at an average price of C$4.80, for a total transaction of C$8,160.00.
• On Monday, August 18th, Alan Arthur Simpson sold 2,000 shares of StorageVault Canada stock. The stock was sold at an average price of C$4.80, for a total transaction of C$9,600.00.
• On Friday, August 22nd, Alan Arthur Simpson sold 134,700 shares of StorageVault Canada stock. The stock was sold at an average price of C$4.70, for a total transaction of C$633,090.00.
• On Friday, August 22nd, Alan Arthur Simpson sold 50,000 shares of StorageVault Canada stock. The stock was sold at an average price of C$4.75, for a total transaction of C$237,500.00.
• On Friday, August 1st, Alan Arthur Simpson sold 54,500 shares of StorageVault Canada stock. The stock was sold at an average price of C$4.68, for a total transaction of C$255,060.00.

StorageVault Canada Trading Down 0.2%

SVI stock opened at C$4.79 on Wednesday. StorageVault Canada Inc. has a 52 week low of C$3.53 and a 52 week high of C$5.18. The company has a market capitalization of C$1.75 billion, a price-to-earnings ratio of -57.02 and a beta of 0.83. The firm’s 50-day moving average is C$4.52 and its two-hundred day moving average is C$4.12.

Analysts Set New Price Targets

A number of analysts have commented on the stock. BMO Capital Markets set a C$5.50 price target on shares of StorageVault Canada and gave the stock an “outperform” rating in a research report on Wednesday, August 27th. Scotiabank boosted their price target on shares of StorageVault Canada from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a research report on Tuesday, July 29th. Desjardins raised shares of StorageVault Canada from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$4.25 to C$5.00 in a research note on Thursday, July 24th. TD Securities lifted their price objective on shares of StorageVault Canada from C$5.00 to C$5.50 and gave the stock a “buy” rating in a research note on Friday, July 25th. Finally, Royal Bank Of Canada set a C$5.50 price objective on shares of StorageVault Canada and gave the stock an “outperform” rating in a research note on Wednesday, May 21st. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$5.17.

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.