StorageVault Canada (TSE:SVI) Stock: Insider Access Self Storage Inc. Purchases 103,987 Shares

StorageVault Canada Inc. (TSE:SVI) insider Access Self Storage Inc. bought 103,987 shares of StorageVault Canada stock in a transaction that occurred on Thursday, October 15th. The stock was bought at an average price of C$3.99 per share, for a total transaction of C$414,908.13. Following the completion of the acquisition, the insider directly owned 137,095,992 shares of the company’s stock, valued at C$547,013,008.08. The trade was a 0.08% increase in their ownership of the stock.

StorageVault Canada Stock Performance

TSE:SVI opened at C$4.09 on Friday. The company has a market capitalization of C$1.50 billion, a PE ratio of -35.57 and a beta of 0.79. The company has a 50 day simple moving average of C$4.24 and a two-hundred day simple moving average of C$4.55. StorageVault Canada Inc. has a fifty-two week low of C$4.02 and a fifty-two week high of C$5.39.

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on SVI shares. National Bank Financial dropped their target price on shares of StorageVault Canada from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a report on Wednesday, October 21st. Canaccord Genuity Group decreased their price target on StorageVault Canada from C$5.75 to C$5.25 and set a “buy” rating for the company in a report on Friday, October 23rd. Royal Bank Of Canada lifted their price objective on 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. Raymond James Financial downgraded StorageVault Canada from a “strong-buy” rating to a “moderate buy” rating and dropped their price objective for the company from C$5.75 to C$5.25 in a research note on Friday, October 2nd. Finally, ATB Cormark Capital Markets cut their target price on StorageVault Canada from C$6.00 to C$5.15 and set an “outperform” rating on the stock in a research report on Friday, October 23rd. Six equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$5.52.

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.