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

StorageVault Canada Inc. (TSE:SVI) has been assigned an average recommendation of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$5.52.

A number of analysts have recently issued reports on the stock. Desjardins reduced 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 lowered their price objective on shares of StorageVault Canada from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 21st. ATB Cormark Capital Markets dropped 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 research note on Friday, October 23rd. Canaccord Genuity Group dropped their price objective 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. Finally, 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.

Insider Activity

In other news, insider Storagevault Canada Inc. acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was acquired at an average cost of C$4.21 per share, for a total transaction of C$42,100.00. Following the completion of the acquisition, the insider owned 10,000 shares in the company, valued at approximately C$42,100. The trade was a ∞ increase in their ownership of the stock. Also, Director Deborah Wallis Robinson acquired 7,242 shares of the business’s stock in a transaction that occurred on Friday, October 30th. The shares were purchased at an average price of C$4.03 per share, with a total value of C$29,185.26. Following the completion of the acquisition, the director owned 20,388 shares of the company’s stock, valued at C$82,163.64. This represents a 55.09% increase in their position. Insiders have purchased a total of 155,511 shares of company stock worth $628,721 in the last ninety days. Corporate insiders own 38.49% of the company’s stock.

StorageVault Canada Trading Down 1.4%

Shares of StorageVault Canada stock opened at C$4.15 on Friday. StorageVault Canada has a 1 year low of C$4.00 and a 1 year high of C$5.39. The company has a market cap of C$1.52 billion, a P/E ratio of -36.09 and a beta of 0.76. The stock has a 50-day moving average price of C$4.20 and a 200 day moving average price of C$4.53.

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

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.