StorageVault Canada (TSE:SVI) Price Target Cut to C$5.15 by Analysts at ATB Cormark Capital Markets

StorageVault Canada (TSE:SVI) had its price objective dropped by investment analysts at ATB Cormark Capital Markets from C$6.00 to C$5.15 in a report issued on Friday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. ATB Cormark Capital Markets‘s target price points to a potential upside of 22.33% from the stock’s current price.

SVI has been the subject of a number of other reports. 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. National Bank Financial dropped 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 note on Wednesday. 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, Royal Bank Of Canada upped their target price on StorageVault Canada from C$6.00 to C$6.25 and gave the company an “outperform” rating in a research report on Friday, July 24th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$5.52.

StorageVault Canada Price Performance

Shares of SVI traded down C$0.02 during trading hours on Friday, hitting C$4.21. 190,729 shares of the stock were exchanged, compared to its average volume of 313,566. StorageVault Canada has a fifty-two week low of C$4.02 and a fifty-two week high of C$5.39. The business has a 50-day moving average of C$4.27 and a 200-day moving average 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 announced its earnings results on Wednesday, October 21st. The company reported C($0.02) earnings per share for the quarter. The firm had revenue of C$94.24 million for the quarter. StorageVault Canada had a negative return on equity of 16.05% and a negative net margin of 4.32%.

Insider Activity at StorageVault Canada

In other news, insider Storagevault Canada Inc. acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The stock was purchased at an average price of C$4.13 per share, for a total transaction of C$41,300.00. Following the completion of the acquisition, the insider directly owned 20,000 shares in the company, valued at C$82,600. The trade was a 100.00% increase in their position. Insiders purchased a total of 44,282 shares of company stock worth $184,627 in the last ninety days. Insiders own 38.49% of the company’s stock.

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.