StorageVault Canada Inc. (SVI.TO) – What Are Brokerages Saying About This Stock?

Shares of StorageVault Canada Inc. (TSE:SVI) have received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$5.86.

Several equities research analysts recently issued reports on SVI shares. Raymond James Financial downgraded StorageVault Canada from a “strong-buy” rating to a “moderate buy” rating and reduced their price objective for the stock from C$5.75 to C$5.25 in a research note on Friday, October 2nd. Royal Bank Of Canada raised their price target on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the stock an “outperform” rating in a report on Friday, July 24th.

Insider Buying and Selling

In other news, insider Storagevault Canada Inc. bought 10,000 shares of the company’s stock in a transaction on Wednesday, September 23rd. The shares were bought at an average cost of C$4.21 per share, with a total value of C$42,100.00. Following the transaction, the insider directly owned 10,000 shares in the company, valued at approximately C$42,100. This trade represents a ∞ increase in their position. Insiders bought a total of 44,282 shares of company stock valued at $184,627 in the last quarter. Insiders own 38.49% of the company’s stock.

StorageVault Canada Price Performance

SVI stock opened at C$4.32 on Monday. StorageVault Canada has a 12 month low of C$4.02 and a 12 month high of C$5.39. The firm has a market cap of C$1.58 billion, a PE ratio of -105.37 and a beta of 0.79. The firm has a 50 day simple moving average of C$4.29 and a 200 day simple moving average of C$4.47.

StorageVault Canada (TSE:SVI) last issued its earnings results on Wednesday, July 22nd. The company reported C($0.02) EPS for the quarter. StorageVault Canada had a negative return on equity of 16.05% and a negative net margin of 4.32%. The business had revenue of C$91.09 million during the quarter.

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.