StorageVault Canada Inc. (TSE:SVI) Stock Has Consensus Target Price of C$5.86

StorageVault Canada Inc. (TSE:SVI) has been assigned an average rating of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$5.86.

Several brokerages recently issued reports on SVI. Raymond James Financial lowered shares of StorageVault Canada from a “strong-buy” rating to a “moderate buy” rating and decreased their price target for the company from C$5.75 to C$5.25 in a report on Friday, October 2nd. Royal Bank Of Canada increased their price objective on shares of 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.

StorageVault Canada Stock Up 0.7%

StorageVault Canada stock opened at C$4.14 on Monday. The stock has a market cap of C$1.51 billion, a PE ratio of -100.98 and a beta of 0.79. StorageVault Canada has a 12-month low of C$4.02 and a 12-month high of C$5.39. The business’s 50-day moving average price is C$4.31 and its two-hundred day moving average price is C$4.47.

StorageVault Canada (TSE:SVI) last posted its earnings results on Wednesday, July 22nd. The company reported C($0.02) EPS for the quarter. StorageVault Canada had a negative return on equity of 16.05% and a negative net margin of 4.32%. The company had revenue of C$91.09 million during the quarter.

Insider Buying and Selling at StorageVault Canada

In related news, insider Storagevault Canada Inc. purchased 10,000 shares of the stock in a transaction dated Wednesday, September 30th. The stock was bought at an average cost of C$4.13 per share, for a total transaction of C$41,300.00. Following the completion of the acquisition, the insider owned 20,000 shares of the company’s stock, valued at approximately C$82,600. This represents a 100.00% increase in their ownership of the stock. Insiders have acquired a total of 44,282 shares of company stock worth $184,627 over the last quarter. Insiders own 38.49% of the company’s stock.

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.