StorageVault Canada (TSE:SVI) Insider Acquires C$414,908.13 in Stock

StorageVault Canada Inc. (TSE:SVI) insider Access Self Storage Inc. acquired 103,987 shares of the company’s stock in a transaction dated Thursday, October 15th. The stock was bought at an average cost of C$3.99 per share, for a total transaction of C$414,908.13. Following the completion of the transaction, the insider directly owned 137,095,992 shares of the company’s stock, valued at approximately C$547,013,008.08. This trade represents a 0.08% increase in their ownership of the stock.

StorageVault Canada Stock Performance

Shares of SVI opened at C$4.01 on Friday. The firm’s 50-day simple moving average is C$4.23 and its 200 day simple moving average is C$4.55. The firm has a market cap of C$1.47 billion, a P/E ratio of -34.87 and a beta of 0.79. StorageVault Canada Inc. has a 52 week low of C$4.00 and a 52 week high of C$5.39.

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

Analysts Set New Price Targets

Several equities analysts recently commented on SVI shares. Canaccord Genuity Group decreased their price target on shares of StorageVault Canada from C$5.75 to C$5.25 and set a “buy” rating on the stock in a research note on Friday, October 23rd. Raymond James Financial downgraded shares of StorageVault Canada from a “strong-buy” rating to a “moderate buy” rating and cut their price objective for the company from C$5.75 to C$5.25 in a report on Friday, October 2nd. Royal Bank Of Canada increased their target price on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Desjardins decreased their target price on shares of StorageVault Canada from C$6.00 to C$5.25 and set a “buy” rating on the stock in a research report on Friday, October 23rd. Finally, ATB Cormark Capital Markets lowered their target price 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. Six equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, StorageVault Canada has an average rating of “Buy” and a consensus price target of C$5.52.

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.