StorageVault Canada (TSE:SVI) Stock Gets Price Target Trim from National Bank Financial

StorageVault Canada (TSE:SVI) had its price objective cut by National Bank Financial from C$6.50 to C$6.00 in a research note issued to investors on Wednesday,BayStreet reports. They currently have an outperform rating on the stock.

Several other equities research analysts also recently issued reports on the stock. Raymond James Financial downgraded shares of StorageVault Canada from a “strong-buy” rating to a “moderate buy” rating and cut their target price for the company from C$5.75 to C$5.25 in a research note on Friday, October 2nd. Royal Bank Of Canada boosted their price target on StorageVault Canada from C$6.00 to C$6.25 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Six research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$5.52.

StorageVault Canada Price Performance

Shares of SVI stock opened at C$4.23 on Wednesday. The company has a fifty day moving average price of C$4.27 and a two-hundred day moving average price of C$4.46. StorageVault Canada has a one year low of C$4.02 and a one year high of C$5.39. The stock has a market cap of C$1.55 billion, a P/E ratio of -103.17 and a beta of 0.79.

StorageVault Canada (TSE:SVI) last released its quarterly earnings data 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 50.22% and a negative net margin of 11.77%.

Insider Transactions at StorageVault Canada

In related news, insider Storagevault Canada Inc. acquired 10,000 shares of StorageVault Canada stock in a transaction on Wednesday, September 30th. The stock was purchased at an average cost of C$4.13 per share, with a total value of C$41,300.00. Following the completion of the transaction, the insider directly owned 20,000 shares in the company, valued at C$82,600. This trade represents a 100.00% increase in their position. Over the last three months, insiders acquired 44,282 shares of company stock worth $184,627. Company insiders own 38.49% of the company’s stock.

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.