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

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

StorageVault Canada Price Performance

Shares of StorageVault Canada stock traded down C$0.10 on Wednesday, hitting C$4.07. 153,412 shares of the company’s stock traded hands, compared to its average volume of 316,528. StorageVault Canada Inc. has a one year low of C$4.02 and a one year high of C$5.39. The company has a fifty day moving average of C$4.25 and a two-hundred day moving average of C$4.56. The company has a market capitalization of C$1.49 billion, a price-to-earnings ratio of -35.39 and a beta of 0.79.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SVI shares. Desjardins lowered their target price on 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. Royal Bank Of Canada increased their target price 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. National Bank Financial reduced their price target on shares of StorageVault Canada from C$6.50 to C$6.00 and set an “outperform” rating for the company in a research report on Wednesday, October 21st. Canaccord Genuity Group decreased their price target on shares of StorageVault Canada from C$5.75 to C$5.25 and set a “buy” rating for the company in a research note on Friday, October 23rd. Finally, 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 report on Friday, October 23rd. Six analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, StorageVault Canada has a consensus rating of “Buy” and a consensus target price of C$5.52.

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.