StorageVault Canada (TSE:SVI) Stock: Insider Deborah Wallis Robinson Purchases 7,242 Shares

StorageVault Canada Inc. (TSE:SVI) Director Deborah Wallis Robinson acquired 7,242 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The shares were purchased at an average price of C$4.03 per share, with a total value of C$29,185.26. Following the acquisition, the director owned 20,388 shares of the company’s stock, valued at approximately C$82,163.64. This trade represents a 55.09% increase in their position.

StorageVault Canada Stock Performance

Shares of TSE:SVI opened at C$4.13 on Wednesday. The company has a 50 day moving average price of C$4.21 and a two-hundred day moving average price of C$4.54. The company has a market capitalization of C$1.51 billion, a PE ratio of -35.91 and a beta of 0.76. StorageVault Canada Inc. has a 52 week low of C$4.00 and a 52 week high of C$5.39.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SVI shares. Royal Bank Of Canada boosted their target price on StorageVault Canada from C$6.00 to C$6.25 and gave the company an “outperform” rating in a research note on Friday, July 24th. ATB Cormark Capital Markets dropped their price target on 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. Canaccord Genuity Group dropped their price target on StorageVault Canada from C$5.75 to C$5.25 and set a “buy” rating on the stock in a research report on Friday, October 23rd. Desjardins cut their price objective on StorageVault Canada from C$6.00 to C$5.25 and set a “buy” rating on the stock in a report on Friday, October 23rd. Finally, National Bank Financial decreased their price objective on 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. Six analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$5.52.

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.