StorageVault Canada Inc. (TSE:SVI) Receives C$5.17 Average PT from Analysts

Shares of StorageVault Canada Inc. (TSE:SVI) have been given a consensus rating of “Moderate Buy” by the ten research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$5.17.

A number of research firms have commented on SVI. National Bankshares increased their target price on StorageVault Canada from C$5.00 to C$6.00 and gave the stock an “outperform” rating in a report on Wednesday. TD Securities increased their target price on StorageVault Canada from C$5.00 to C$5.50 and gave the stock a “buy” rating in a report on Friday, July 25th. BMO Capital Markets set a C$5.50 target price on StorageVault Canada and gave the stock an “outperform” rating in a report on Wednesday, August 27th. Scotiabank increased their target price on StorageVault Canada from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a report on Tuesday, July 29th. Finally, Desjardins raised StorageVault Canada from a “hold” rating to a “buy” rating and increased their target price for the stock from C$4.25 to C$5.00 in a report on Thursday, July 24th.

StorageVault Canada Stock Performance

Shares of SVI stock opened at C$4.81 on Wednesday. StorageVault Canada has a one year low of C$3.53 and a one year high of C$5.23. The company’s 50-day simple moving average is C$4.82 and its 200-day simple moving average is C$4.28. The stock has a market capitalization of C$1.76 billion, a price-to-earnings ratio of -57.26 and a beta of 0.82.

Insider Buying and Selling at StorageVault Canada

In other news, Director Alan Arthur Simpson sold 134,700 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of C$4.70, for a total transaction of C$633,090.00. Following the sale, the director directly owned 381,305 shares in the company, valued at approximately C$1,792,133.50. This represents a 26.10% decrease in their position. In the last 90 days, insiders sold 467,900 shares of company stock worth $2,204,719. 38.49% of the stock is currently owned by corporate insiders.

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.