StorageVault Canada Inc. (SVI.TO) – What Are Brokerages Saying About This Stock?

Shares of StorageVault Canada Inc. (TSE:SVI) have earned a consensus rating of “Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$5.52.

A number of research analysts have recently issued reports on SVI shares. National Bank Financial dropped their target price on 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. Desjardins lowered their price objective on shares of StorageVault Canada from C$6.00 to C$5.25 and set a “buy” rating on the stock in a research report on Friday, October 23rd. ATB Cormark Capital Markets lowered their price objective on shares of 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. Raymond James Financial downgraded shares of StorageVault Canada from a “strong-buy” rating to a “moderate buy” rating and cut their price objective for the stock from C$5.75 to C$5.25 in a research report on Friday, October 2nd. Finally, Royal Bank Of Canada boosted their price target on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the stock an “outperform” rating in a research note on Friday, July 24th.

Insider Activity at StorageVault Canada

In other StorageVault Canada news, Director Deborah Wallis Robinson bought 7,242 shares of the company’s stock in a transaction on Friday, October 30th. The stock was purchased at an average cost of C$4.03 per share, for a total transaction of C$29,185.26. Following the acquisition, the director owned 20,388 shares of the company’s stock, valued at C$82,163.64. The trade was a 55.09% increase in their position. Also, insider Storagevault Canada Inc. bought 10,000 shares of the business’s stock in a transaction on Wednesday, September 30th. The shares were acquired at an average price of C$4.13 per share, with a total value of C$41,300.00. Following the transaction, the insider owned 20,000 shares of the company’s stock, valued at C$82,600. The trade was a 100.00% increase in their position. In the last three months, insiders have acquired 155,511 shares of company stock valued at $628,721. Insiders own 38.49% of the company’s stock.

StorageVault Canada Stock Performance

Shares of StorageVault Canada stock opened at C$4.14 on Friday. StorageVault Canada has a 1 year low of C$4.00 and a 1 year high of C$5.39. The company has a market capitalization of C$1.51 billion, a P/E ratio of -36.00 and a beta of 0.76. The company’s fifty day moving average is C$4.18 and its two-hundred day moving average is C$4.50.

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

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.