StorageVault Canada (TSE:SVI) Insider Access Self Storage Inc. Buys 103,987 Shares of Stock

StorageVault Canada Inc. (TSE:SVI) insider Access Self Storage Inc. purchased 103,987 shares of StorageVault Canada stock in a transaction that occurred on Thursday, October 15th. The shares were bought at an average price of C$3.99 per share, with a total value of C$414,908.13. Following the completion of the transaction, 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.

StorageVault Canada Trading Down 1.9%

Shares of TSE:SVI opened at C$4.09 on Thursday. StorageVault Canada Inc. has a 12-month low of C$4.02 and a 12-month high of C$5.39. The business has a 50 day moving average of C$4.25 and a two-hundred day moving average of C$4.56. The company has a market capitalization of C$1.50 billion, a PE ratio of -35.57 and a beta of 0.79.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SVI shares. National Bank Financial decreased their price objective on shares of StorageVault Canada from C$6.50 to C$6.00 and set an “outperform” rating for the company in a research report on Wednesday, October 21st. Royal Bank Of Canada raised their target price on StorageVault Canada from C$6.00 to C$6.25 and gave the company an “outperform” rating in a research report on Friday, July 24th. Raymond James Financial cut StorageVault Canada from a “strong-buy” rating to a “moderate buy” rating and dropped their target price for the company from C$5.75 to C$5.25 in a research report on Friday, October 2nd. Canaccord Genuity Group cut their price target on StorageVault Canada from C$5.75 to C$5.25 and set a “buy” rating for the company in a research note on Friday, October 23rd. Finally, ATB Cormark Capital Markets reduced their price target on StorageVault Canada from C$6.00 to C$5.15 and set an “outperform” rating for the company in a report on Friday, October 23rd. Six investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, StorageVault Canada presently has a consensus rating of “Buy” and an average 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.