Insider Buying: StorageVault Canada (TSE:SVI) Director Buys C$17,727.48 in Stock

StorageVault Canada Inc. (TSE:SVI) Director Iqbal Khan bought 4,282 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were purchased at an average cost of C$4.14 per share, for a total transaction of C$17,727.48. Following the completion of the acquisition, the director owned 45,115 shares of the company’s stock, valued at C$186,776.10. This trade represents a 10.49% increase in their ownership of the stock.

StorageVault Canada Trading Up 0.7%

Shares of StorageVault Canada stock opened at C$4.22 on Thursday. StorageVault Canada Inc. has a 52 week low of C$4.09 and a 52 week high of C$5.39. The stock has a market cap of C$1.54 billion, a PE ratio of -102.93 and a beta of 0.70. The company’s 50-day moving average price is C$4.52 and its two-hundred day moving average price is C$4.51.

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Raymond James Financial upgraded StorageVault Canada from an “outperform” rating to a “strong-buy” rating and cut their price objective for the company from C$5.50 to C$5.25 in a research report on Monday, June 1st. Royal Bank Of Canada lifted their target price on StorageVault Canada from C$6.00 to C$6.25 and gave the stock an “outperform” rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, StorageVault Canada has an average rating of “Buy” and a consensus target price of C$5.86.

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. The Portable Storage segment involves delivering a portable storage unit to the customer. The Management Division involves revenues generated from the management of stores owned by third parties.