StorageVault Canada Inc. (TSE:SVI) Insider StorageVault Canada Inc. Purchases 50,000 Shares of Stock

StorageVault Canada Inc. (TSE:SVI) insider StorageVault Canada Inc. bought 50,000 shares of StorageVault Canada stock in a transaction that occurred on Friday, January 17th. The stock was purchased at an average price of C$3.95 per share, for a total transaction of C$197,440.00.

StorageVault Canada Inc. also recently made the following trade(s):

• On Friday, November 29th, StorageVault Canada Inc. purchased 3,100 shares of StorageVault Canada stock. The shares were purchased at an average price of C$4.05 per share, with a total value of C$12,547.56.
• On Thursday, November 14th, StorageVault Canada Inc. acquired 25,000 shares of StorageVault Canada stock. The stock was purchased at an average cost of C$3.92 per share, for a total transaction of C$97,930.00.

StorageVault Canada Price Performance

StorageVault Canada stock opened at C$3.72 on Thursday. StorageVault Canada Inc. has a 12-month low of C$3.55 and a 12-month high of C$5.48. The company has a market capitalization of C$1.39 billion, a price-to-earnings ratio of -46.50 and a beta of 0.89. The firm’s fifty day moving average price is C$3.91 and its 200 day moving average price is C$4.33.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SVI. CIBC set a C$5.00 price target on shares of StorageVault Canada and gave the company a “negative” rating in a report on Tuesday, December 17th. Desjardins lowered shares of StorageVault Canada from a “moderate buy” rating to a “hold” rating in a research report on Thursday, October 24th. Scotiabank reduced their target price on shares of StorageVault Canada from C$5.50 to C$5.25 in a report on Thursday, January 30th. Cibc World Mkts upgraded StorageVault Canada to a “hold” rating in a report on Tuesday, December 17th. Finally, Raymond James cut their price objective on StorageVault Canada from C$5.25 to C$4.70 in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, StorageVault Canada currently has a consensus rating of “Moderate Buy” and a consensus price target of C$5.62.

About StorageVault Canada

StorageVault Canada Inc is engaged in the business of owning, operating, and leasing storage to individual and commercial customers across Canada. The company operates through three segments. Its Self Storage segment consists of renting space at the company’s property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations.