StorageVault Canada (TSE:SVI) Given New C$5.25 Price Target at Scotiabank

StorageVault Canada (TSE:SVI) had its price objective lowered by analysts at Scotiabank from C$5.50 to C$5.25 in a research note issued on Tuesday,BayStreet.CA reports. Scotiabank’s target price would suggest a potential upside of 32.91% from the stock’s current price.

Several other research analysts also recently weighed in on SVI. National Bankshares upped their price target on StorageVault Canada from C$5.75 to C$6.00 in a research note on Wednesday, October 9th. Cibc World Mkts upgraded shares of StorageVault Canada to a “hold” rating in a report on Tuesday, December 17th. Desjardins cut StorageVault Canada from a “moderate buy” rating to a “hold” rating in a report on Thursday, October 24th. Raymond James decreased their price objective on StorageVault Canada from C$5.25 to C$4.70 in a report on Monday, January 13th. Finally, CIBC set a C$5.00 target price on shares of StorageVault Canada and gave the company a “negative” rating in a report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, StorageVault Canada presently has an average rating of “Moderate Buy” and a consensus target price of C$5.62.

StorageVault Canada Trading Up 0.5 %

TSE SVI traded up C$0.02 on Tuesday, reaching C$3.95. 209,396 shares of the stock were exchanged, compared to its average volume of 334,474. The firm has a market capitalization of C$1.47 billion, a PE ratio of -49.38 and a beta of 0.89. StorageVault Canada has a one year low of C$3.82 and a one year high of C$5.48. The company’s 50-day simple moving average is C$3.99 and its two-hundred day simple moving average is C$4.45.

StorageVault Canada (TSE:SVI) last released its earnings results on Wednesday, October 23rd. The company reported C($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.08). StorageVault Canada had a negative net margin of 9.49% and a negative return on equity of 14.77%. The firm had revenue of C$78.96 million for the quarter.

Insider Activity

In other StorageVault Canada news, insider StorageVault Canada Inc. bought 25,000 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were bought at an average cost of C$3.92 per share, for a total transaction of C$97,930.00. Over the last quarter, insiders purchased 56,100 shares of company stock valued at $224,858. Corporate insiders own 38.49% of the company’s stock.

StorageVault Canada Company Profile

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.