StorageVault Canada (TSE:SVI) Price Target Lowered to C$5.25 at Scotiabank

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

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

StorageVault Canada Trading Up 0.5 %

Shares of SVI stock traded up C$0.02 during trading hours on Tuesday, reaching C$3.95. 209,396 shares of the company’s stock were exchanged, compared to its average volume of 334,474. StorageVault Canada has a fifty-two week low of C$3.82 and a fifty-two week high of C$5.48. The stock’s 50 day moving average is C$3.99 and its 200-day moving average is C$4.45. The company has a market cap of C$1.47 billion, a price-to-earnings ratio of -49.38 and a beta of 0.89.

StorageVault Canada (TSE:SVI) last released its quarterly earnings results on Wednesday, October 23rd. The company reported C($0.02) EPS 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 business had revenue of C$78.96 million during the quarter.

Insider Activity

In related news, insider StorageVault Canada Inc. purchased 23,000 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average price of C$4.11 per share, with a total value of C$94,500.10. Insiders acquired 56,100 shares of company stock worth $224,858 over the last three months. Insiders own 38.49% of the company’s stock.

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.