StorageVault Canada (TSE:SVI) Stock Gets Price Target Trim from Canaccord Genuity Group

StorageVault Canada (TSE:SVI) had its price objective reduced by Canaccord Genuity Group from C$5.75 to C$5.25 in a research note released on Friday morning,BayStreet reports. They currently have a buy rating on the stock.

SVI has been the subject of several other research reports. National Bank Financial dropped their price objective 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. Royal Bank Of Canada lifted their target price on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the company an “outperform” rating in a report on Friday, July 24th. Finally, Raymond James Financial lowered shares of StorageVault Canada from a “strong-buy” rating to a “moderate buy” rating and reduced their target price for the company from C$5.75 to C$5.25 in a report on Friday, October 2nd. Six analysts have rated the stock with a Buy rating. According to MarketBeat, StorageVault Canada has an average rating of “Buy” and an average price target of C$5.52.

StorageVault Canada Stock Performance

SVI opened at C$4.23 on Friday. StorageVault Canada has a 1 year low of C$4.02 and a 1 year high of C$5.39. The company’s 50 day simple moving average is C$4.27 and its 200 day simple moving average is C$4.46. The stock has a market capitalization of C$1.55 billion, a PE ratio of -36.78 and a beta of 0.79.

StorageVault Canada (TSE:SVI) last posted its 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%.

Insider Activity

In related news, insider Storagevault Canada Inc. bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The shares were acquired at an average cost of C$4.13 per share, for a total transaction of C$41,300.00. Following the acquisition, the insider owned 20,000 shares in the company, valued at C$82,600. This represents a 100.00% increase in their position. Insiders bought a total of 44,282 shares of company stock valued at $184,627 in the last ninety days. 38.49% of the stock is currently owned by company insiders.

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.