Raymond James Financial Downgrades StorageVault Canada (TSE:SVI) to Moderate Buy

StorageVault Canada (TSE:SVI) was downgraded by analysts at Raymond James Financial from a “strong-buy” rating to a “moderate buy” rating in a research note issued to investors on Friday, MarketBeat reports. They currently have a C$5.25 target price on the stock, down from their prior target price of C$5.75. Raymond James Financial’s price target indicates a potential upside of 28.99% from the company’s previous close.

Separately, Royal Bank Of Canada raised their price target 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. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, StorageVault Canada currently has an average rating of “Moderate Buy” and a consensus price target of C$5.86.

StorageVault Canada Trading Down 2.4%

TSE SVI opened at C$4.07 on Friday. The company has a fifty day simple moving average of C$4.42 and a 200 day simple moving average of C$4.49. The company has a market cap of C$1.49 billion, a P/E ratio of -99.27 and a beta of 0.70. StorageVault Canada has a 1 year low of C$4.02 and a 1 year high of C$5.39.

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

Insider Buying and Selling at StorageVault Canada

In other StorageVault Canada news, insider Access Self Storage Inc. acquired 89,700 shares of StorageVault Canada stock in a transaction dated Wednesday, July 15th. The stock was bought at an average cost of C$4.60 per share, with a total value of C$412,620.00. Following the completion of the transaction, the insider owned 136,992,005 shares of the company’s stock, valued at C$630,163,223. The trade was a 0.07% increase in their ownership of the stock. Corporate 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.