StorageVault Canada (TSE:SVI) Price Target Cut to C$5.25 by Analysts at Canaccord Genuity Group

StorageVault Canada (TSE:SVI) had its target price decreased by equities research analysts at Canaccord Genuity Group from C$5.75 to C$5.25 in a research report issued on Friday, BayStreet reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group‘s price target indicates a potential upside of 24.70% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Royal Bank Of Canada raised their price target on 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. National Bank Financial cut their price objective on StorageVault Canada from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Raymond James Financial lowered StorageVault Canada from a “strong-buy” rating to a “moderate buy” rating and reduced their target price for the stock from C$5.75 to C$5.25 in a research note on Friday, October 2nd. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$5.52.

StorageVault Canada Price Performance

Shares of TSE:SVI traded down C$0.02 during trading hours on Friday, hitting C$4.21. 190,729 shares of the company’s stock traded hands, compared to its average volume of 313,566. StorageVault Canada has a 1 year low of C$4.02 and a 1 year high of C$5.39. The business has a fifty day moving average price of C$4.27 and a 200-day moving average price of C$4.46. The firm has a market capitalization of C$1.54 billion, a P/E ratio of -102.68 and a beta of 0.79.

StorageVault Canada (TSE:SVI) last released 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 4.32% and a negative return on equity of 16.05%. The business had revenue of C$94.24 million for the quarter.

Insider Transactions at StorageVault Canada

In related news, insider Storagevault Canada Inc. acquired 10,000 shares of the stock in a transaction on Wednesday, September 30th. The stock was bought at an average cost of C$4.13 per share, with a total value of C$41,300.00. Following the transaction, the insider directly owned 20,000 shares in the company, valued at approximately C$82,600. This represents a 100.00% increase in their ownership of the stock. Over the last three months, insiders have bought 44,282 shares of company stock valued at $184,627. 38.49% of the stock is owned by 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.