National Bank Financial Has Lowered Expectations for StorageVault Canada (TSE:SVI) Stock Price

StorageVault Canada (TSE:SVI) had its price target decreased by National Bank Financial from C$6.50 to C$6.00 in a report released on Wednesday, BayStreet reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 39.53% from the company’s current price.

A number of other research firms have also recently weighed in on SVI. Royal Bank Of Canada upped their price target 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. Raymond James Financial downgraded StorageVault Canada from a “strong-buy” rating to a “moderate buy” rating and lowered their price target for the stock from C$5.75 to C$5.25 in a research report on Friday, October 2nd. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$5.82.

StorageVault Canada Trading Up 0.2%

Shares of StorageVault Canada stock traded up C$0.01 during trading hours on Wednesday, reaching C$4.30. The stock had a trading volume of 88,601 shares, compared to its average volume of 310,196. The stock’s 50 day moving average is C$4.28 and its 200 day moving average is C$4.47. StorageVault Canada has a twelve month low of C$4.02 and a twelve month high of C$5.39. The firm has a market capitalization of C$1.57 billion, a PE ratio of -104.88 and a beta of 0.79.

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 net margin of 4.32% and a negative return on equity of 16.05%. The business had revenue of C$91.09 million for the quarter.

Insider Transactions at StorageVault Canada

In related news, insider Storagevault Canada Inc. purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The stock was bought at an average price of C$4.13 per share, with a total value of C$41,300.00. Following the acquisition, the insider owned 20,000 shares in the company, valued at C$82,600. The trade was a 100.00% increase in their ownership of the stock. Over the last 90 days, insiders have acquired 44,282 shares of company stock valued at $184,627. 38.49% of the stock is currently owned by company insiders.

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.